World Currenciesworld-currencies-150x150

(Discover the World)

Written by Charlotte (R) Duke, Eagle, Troop 109

Preschool: Do three requirements including the two starred *.

Level 1: Do four requirements including the two starred *.

Level 2: Do five requirements including the two starred *.

Level 3: Do six requirements including the two starred *.

Level 4: Do seven requirements including the two starred *.

Level 5: Do nine requirements including the two starred *.

 

____ 1*.  Learn what the word “currency” means. Look at pictures of currencies used in other countries (at least 3) and learn what they are called.   How are they different from the U. S. Dollar? How are they similar?  Level 3 and up must learn about how the value of currency differs around the world and how that value affects a country’s economy.

 

____ 2*.  Read a book, watch a video, or go online (with your parent’s permission) to find out how coins and banknotes are made. What sorts of metals are coins in the U. S. made from? Tell your family or Club what you learned.

 

____ 3.  Make a booklet of crayon rubbings you have done of coins from different countries.

 

____ 4.  Learn the history of money. What does it mean to “barter” something?

 

____ 5.  Look at pictures of coins from many years ago, such as coins from Ancient Rome. How do they look different from today’s coins?

 

____ 6.  Make a timeline of the money used in the United States. What were bits, half-eagles, and double eagles? How much was each worth? You must have at least 10 items on your timeline.

 

____ 7. Learn about the history of the Federal Reserve. What does it mean to devalue the currency? What is the Gold Standard?

 

____ 8.  Make a list of the people whose faces are on our money (i.e.: Abraham Lincoln, Alexander Hamilton, Franklin D. Roosevelt, Benjamin Franklin, George Washington, etc.). Choose one and read a biography of that person. Be able to list at least two significant facts about your chosen person. (If you earn this badge again at a different level you must read about a new person.)

 

____ 9.  Learn about the job of Secretary of the Treasury. Who were some famous Treasury Secretaries? What was each of them famous for?

 

____ 10.  What sort of money was used in the Bible? Look through the Bible or your own book of faith, and find and memorize 1 (Preschool), 3 (Level 1 and 2), 5 (Level 3 and 4) 7 (Level 5) verses about money.

 

____ 11.  Research how banks work. What is interest and how does it work? What does the “exchange rate” between different currencies mean?

 

____ 12.  Learn about careers in the money sector, such as a bank teller, stockbroker, cashier, or a foreign exchange converter, etc. Levels 3 and up only: if possible, shadow someone for a day who works with money for a living.

 

____ 13.  Learn about the history of Wall Street.  How are stocks and shares bought and sold?

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