F1. Money and Finances
Specific Expectations
By the end of Grade 1, students will:
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Money Concepts
F1.1
identify the various Canadian coins up to 50¢ and coins and bills up to $50, and compare their values
- common Canadian coins and bills:
- nickel – worth 5¢; silver colour with a beaver on one side
- dime – worth 10¢; silver colour with the Bluenose schooner on one side
- quarter – worth 25¢; silver colour with a caribou on one side
- loonie – worth $1; gold colour with a loon on one side
- toonie – worth $2; silver and gold with a polar bear on one side
- $5 bill – blue with a picture of the Canadarm on one side
- $10 bill – purple with a picture of The Canadian, a train with service from Vancouver to Toronto, on one side. A more recent version of the $10 bill is a vertical note with Viola Desmond on one side and the Canadian Museum for Human Rights on the other.
- $20 bill – green with a picture of the Canadian National Vimy Memorial on one side
- $50 bill – red with a picture of the Canadian Coast Guard icebreaker Amundsen on one side
- less-common Canadian coins:
- 50¢ piece
- silver dollar (limited use)
- penny (no longer minted, though in “play money” it might be used to represent the concept and unit of 1¢)
Note
- The size, shape, and texture of the coins differ (e.g., dime has ridges, and nickel has smooth sides).
- The special edition coins may have different designs (e.g., Mythical Realms of the Haida Series, Chinese Zodiac).
- Canadian coins and bills differ from one another in value and appearance (e.g., size, shape, colour, image, and/or texture).
- Identifying the correspondence between the abstract concept of value and the concrete representation of coins and bills.
Note
- The value of money can be an abstract concept because it is often represented by currency that is not concrete or accessible.
- Being able to identify Canadian currency by size, shape, colour, image, and/or texture allows for quick recognition of different denominations.
- An understanding of unitizing is applied to identify the relationships between coins and their corresponding values.
Have students use play money to examine nickels, dimes, quarters, $1 coins (loonies), and $2 coins (toonies) and compare the sizes of the coins, the design on the front and back of each coin, and the value of each coin.
Have students arrange coins from least to greatest in value. Have them investigate bills in a similar manner.