Slide 1Jump to first page Copyright 2003 South-Western Thomson Learning. All rights reserved. What Is Money?Money Slide 2 Jump to first page Copyright 2003 South-Western…
MONEY AND BANKING Money used to be in the form of coins that were made from precious metals and had value based upon their make up. As time went on paper receipts were used…
Functions of Money Medium of exchange Used to buy/sell goods Unit of account Goods are valued in dollars Store of value A place to store wealth. LO1 31-* Money Definition…
Money What is Money? Money is nothing more than a way for people to exchange labor. Paper money can be thought of as a ticket entitling the holder to a certain amount of…
KECSS Ms. Murren Economics 12/5/11 KECSS Ms. Murren Economics 12/5/11 Outcome SWBAT the three uses of money SWBAT identify and explain the six characteristics money SWBAT…
Money, Banking and the FED Money, Banking and the FED Federal Reserve, what is money? What is Money? Money is a medium of exchange, a unit of account, and a store of value.…