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SAVINGS

TITLE: NOTE OF LESSON ON SOCIAL STUDIES

SUBJECT: SOCIAL STUDIES

THEME: CAPITAL RESOURCE PRESERVATION

TERM: SECOND TERM

WEEK: WEEK 9

CLASS: PRIMARY 4

NAME OF TEACHER:

DATE:          

AGE OF STUDENTS:

CLASS COMPOSITION: Slow and fast learners.

PERIOD:

TIME: 40 MINUTES 

TOPIC:  SAVINGS

PERFORMANCE OBJECTIVES

At the end of this Unit, Pupils should be able to know:

  • Meaning of savings
  • Types of savings
  • Types of bank
  • How to open bank account
  • Advantages of saving money
  • Other ways of saving money rather than bank.

TEACHING AND LEARNING MATERIALS

  • Different Nigeria currency
  • Whiteboard/ chalkboard
  • Interactive poster
  • Interactive video

TEACHING METHOD

  • Explanation
  • Discussion
  • Questions and Answers

REFERENCE MATERIALS

  • NERDC Basic Education Curriculum for primary school.
  • Lagos State Scheme of Work
  • Unified Schemes of Work Primary Schools four Social Studies (MIDDLE BASIC)
  • Internet.
  • Edudelight Social Studies Text Books for Primary Schools.

ENTRY BEHAVIOUR/ PREVIOUS LESSON: the students are familiar with why division of labour is necessary in agricultural industry.

WORD FILE:  jewelry, necklaces, international, passport.

                    MODULE CONTENT

                                         SAVINGS

Saving is keeping something for future use.  Some of the things we save are money, jewelry, necklaces, rings, document, etc.

                           TYPES OF SAVING

As humans we have different ways of saving money. These are:

  1. Traditional ways: like saving of money in the hole, cup, container, giving someone to keep it for you, savings collector
  2. Modern way: saving of money and valuable items in the banks.

TYPES OF BANK

  1. Central bank: it controls all other activities of commercial banks. It is the bank where government money is kept.
  2. Commercial banks: they are own by private business men and women or jointly owned by the government. Examples are First banks, Union Bank, Guarantee trust bank, access bank.
  3. Development or merchant banks: these banks are setup to finance special areas of the economy. Example are the federal mortgage bank, the Nigeria industrial Development bank.

WHY WE SHOULD SAVE MONEY IN A BANK

  1. To protect our money from being stolen
  2. To buy food
  3. To build houses
  4. To get interest from the bank
  5. To meet future needs

HOW TO OPEN A BANK ACCOUNT

Before anyone can save his/her money in a bank, he/she must open an account with any of the commercial banks. The account will give the person access to pay and withdraw from the account.

When opening a bank account, the bank will collect the following from the person.

  • Passport – size photograph.
  • An identity card or driver’s license or international passport.
  • Particulars form will be given to the person by  account officer
  • Some money will be paid for Atm card.
  • The person will be given a savings account or current account depending on the choice of the individual.

INSTRUCTIONAL PROCEDURE

LEARNERS ACTIVITIES

  • Learners participate in the class discussion

EVALUATIVE ACTIVITIES

  • What is savings
  • Mention two ways of savings
  • Mention three Types of bank
  • Explain How to open bank account
  • Mention three Advantages of saving money
  • Other ways of saving money rather than bank.

CONCLUSION: the teacher summarize the lesson.

PREVIOUS LESSON: WHY DIVISION OF LABOUR IS NECESSARY IN AGRICULTURAL INDUSTRY

NEXT LESSON: EMPLOYMENT

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