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What Should I Do with My Loose Change?

What Should I Do with My Loose Change?

Assessment

Interactive Video

Life Skills, Business

11th Grade - University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the current coin shortage in America, exacerbated by COVID-19, and its impact on cash-reliant individuals. It explores the historical value of coins, particularly pennies, and the reasons behind their continued production despite inflation. The origins of piggy banks are explained, and various methods for managing loose change are suggested, including using coin machines, banks, and donating to charity. The video emphasizes the importance of recognizing the value of change in a digital age and encourages thoughtful spending habits.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Why do some economists believe the fear of eliminating the penny is overblown?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What historical significance do piggy banks hold, and how did they originate?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some alternatives to using coins for transactions?

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