### Lesson Plan: The Cheque System
**Grade Level:** Senior Secondary 1 (Grade 10)
**Subject:** Commerce
**Duration:** 60 minutes
**Topic:** The Cheque System
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#### Objectives:
1. **Knowledge**: Students will understand what a cheque is and its key components.
2. **Comprehension**: Students will be able to explain the different types of cheques and their uses.
3. **Application**: Students will demonstrate how to correctly write a cheque and understand the process of cheque clearing.
4. **Analytical Skills**: Students will critically analyze the advantages and disadvantages of using cheques as a payment method.
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#### Materials Needed:
- Whiteboard and markers
- Sample cheques
- Projector and slides (if available)
- Handouts with key terms and sample cheques
- Copies of a blank cheque template for each student
- Internet access for supplementary videos (optional)
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#### Lesson Outline:
**1. Introduction (10 minutes):**
- Briefly discuss the importance of various payment methods in commerce.
- Introduce the cheque system as one of the traditional payment methods.
- Use real-life examples to make the topic relatable (e.g., paying for large purchases, rent, or utilities).
**2. Definition and Key Components of a Cheque (15 minutes):**
- Define a cheque.
- Explain the key components of a cheque:
- Drawer (the person who writes the cheque)
- Drawee (the bank on which the cheque is drawn)
- Payee (the person to whom the cheque is payable)
- Date
- Amount in words and figures
- Signature
- Show a sample cheque and identify each component.
- Distribute handouts with the key terms and a sample cheque.
**3. Types of Cheques (10 minutes):**
- Discuss different types of cheques:
- Bearer Cheque
- Order Cheque
- Crossed Cheque
- Open Cheque
- Explain the specific uses and the level of security for each type.
- Provide examples of situations where each type might be used.
**4. Writing and Clearing a Cheque (15 minutes):**
- Demonstrate how to correctly write a cheque using a sample.
- Step-by-step guide:
1. Write the date.
2. Write payee name.
3. Write amount in words.
4. Write amount in figures.
5. Sign the cheque.
- Explain the process of cheque clearing:
- Presenting the cheque to the bank.
- The bank processes the cheque.
- Funds are transferred from the drawer’s account to the payee’s account.
- Discuss the timeframe and possible delays in the process.
**5. Advantages and Disadvantages (5 minutes):**
- List the advantages of using cheques:
- Safety (compared to cash)
- Record keeping
- Convenience for large payments
- List the disadvantages:
- Possible delay in clearing
- Risk of fraud
- Need for maintaining sufficient funds in the account
**6. Activity: Writing a Cheque (10 minutes):**
- Distribute blank cheque templates to each student.
- Have students practice writing a cheque based on a given scenario (e.g., paying school fees or making a charitable donation).
- Collect and review the cheques, providing feedback on any mistakes.
**7. Conclusion and Q&A (5 minutes):**
- Recap the main points discussed.
- Answer any remaining questions.
- Assign a homework task: research and write a short paragraph on how digital payments are changing the use of cheques in modern commerce.
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#### Assessment:
- **Formative:** Observation during class activities and participation
- **Summative:** Evaluate the written cheques for accuracy and completeness.
- **Homework:** Research task evaluation.
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**Homework:**
- Research and write a short paragraph on how digital payments are changing the use of cheques in modern commerce.
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**Additional Resources:**
- Optional: Video on how to write a cheque and the cheque clearing process.
- Recommended websites and articles on cheque usage and digital payment methods.
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This concludes the lesson plan on "The Cheque System".