Payment Parliament

This lesson introduces students to different methods of payment for goods and services. The costs and benefits of each payment method are explored in a role play of a round table discussion titled "Payment Parliament." Students compare use of each payment option and learn how the Federal Reserve System processes all forms of payments for consumers.
Grade levels: 3-5, 6-8
Content keywords: credit, debit, electronic payment, federal reserve, payment methods, role play, banking
Key Concepts: Federal Reserve System, Banking, Credit
Resource type: Lesson Plans
Time requirement: 30-60 minutes
Payment Parliament

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Payment Parliament