Slide 1 Slide 2 Something of value Over the last 10,000 years the material form that money has taken has changed considerably from cattle and cowrie shells to todays electronic…
Slide 1Money and the Financial System Slide 2 The Evolution of Money Barter is a system where people exchange products directly Barter depends on a double coincidence of…
Slide 1What is Money? "When it's a question of money, everybody is of the same religion." Voltaire Slide 2 Functions of Money Store of Value Store of Value…
Slide 1Money, Banking, & the Fed AP Macroeconomics Chapter 29 & 30 Notes Slide 2 Slide 3 Money Definition: anything that can be used as a medium of exchange, measure…
Slide 1 Slide 2 Ch 13 6. Measure of Value – same as Unit of Account; agreed to measure for stating prices of goods and services Ch 14 6. Money (Monetary) multiplier Ch…
Slide 1 Slide 2 1791: The First Bank of the US was established to hold the governments $$, help the government to tax, regulate commerce, and issue a single currency 1861:…
Slide 1Text Chapters 14 and 15 Slide 2 Chapter 15 Slide 3 Medium of Exchange – able to barter or exchange for other goods Unit of Accounting – measuring tool used to…
1. Chapter TenInto to Money 2. Before there was money, there was barter. 3. p. 243Barter – the direct exchange of one set of goods or services for another --used before…
Slide 1 Slide 2 Money, Banking, and the Fed How does money affect economic activity? Slide 3 U.S. Currency or “money” Slide 4 Monday 1/3: NOTES 3 functions of money 6…