CORALVILLE, Iowa (1/31/12)--The University of Iowa Community CU, Iowa City, Iowa, has teamed with Iowa Children's Museum to promote financial literacy among children in a museum exhibit.
The museum recently opened a City Money exhibit, which includes a station where kids can write fake checks, make deposits and withdrawals from a pretend ATM and "drive up" to a mini teller window (The Gazette Jan. 30). Kids also can learn about monetary denominations and distinguish between wants and needs.
The museum received a federal grant and money from the Community Foundation of Johnson County to open the exhibit.
The exhibit provides an opportunity for children to learn how money truly works, Deb Dunkhase, the Iowa Children's Museum executive director, told The Gazette.
For example, children must make a deposit into the ATM before they can make a withdrawal, added Dick Noble, director of operations at the credit union.
The University of Iowa Community CU and the Iowa Children's Museum have also worked together to provide free financial workshops for parents and children. Plans are in the works to offer workshops at local schools in the fall and projects with boy and girl scouts.
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