By: Miranda Crowl EDCI 270 Project 3 November 8, 2013

Objective 1- Given the definition of money, they will be able to write two sentences identifying what it is and what it is used for with 100% accuracy. Objective 2- Given the main functions, they will be able to define each main function in a sentence with 100% accuracy. Audience- 5 th graders, with a basic background on the different types of functions, and a little knowledge on the history of money. Learning Environment- In classroom (on a computer) by themselves must have a pencil and piece of paper.

Instruction Slide Content 1 Content 2 Content 3 Quiz Extras

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Definition: Money is something of value; object or record that is generally accepted as payment for goods and services. Skip to quiz

Money is believed to of originated from a temple of Hera, located on Capitoline, one of Rome’s Seven Hills. Skip to quiz

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Medium of Exchange Unit of account Store Value Skip to quiz

An intermediary used in trade to avoid the inconveniences of a pure barter system. Skip to quiz

A standard monetary unit of measurement of value/cost of goods, services, or assets. It lends meaning to profits, losses, liability, or assets Skip to quiz

A recognized form of exchange can be a form of money or currency, or commodity like gold, silver or financial capital. Skip to quiz

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Commodity Money Representative Money Fiat Money Coinage Skip to quiz

Money whose value comes from a commodity of which it is made Objects that have value in themselves as well as value in their use as money Skip to quiz

Pre-Revolutionary America including wampum, maize, iron nails, beaver pelts & tobacco Fort Knox gold repository long maintained by U.S. Skip to quiz

Gold certificates for gold 1933 & 1970 (1 U.S. dollar = 1/3 of a troy ounce) They banded the trade after 1933 Skip to quiz

Gold, Silver, Copper, Salt, Peppercorns, Large Stones, Decorated Belts, Alcohol, & Cigarettes Skip to quiz

A claim or commodity “Commodity-backed money” Type of money that has a face value greater than its value as material substances. Skip to quiz

William Stanley Jones (1875) thinks it arose because metal coins were “variously clipped or depreciated”. Skip to quiz

He noted that paper and other materials have been used as representative money. Skip to quiz

Gold Certificates Silver Certificates Skip to quiz

Any money declared by a government to be legal tender State issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard Money without intrinsic values Skip to quiz

Latin fiat “let it be done”, “it shall be” China 11 th century Yuan & Ming dynastico Song Dynasty first issue paper money (Jiaozi) Skip to quiz

Europe (1661) John Palmsturch first in West Depreciated by 1776 it returned to a silver standard Bank of Amsterdam in 1683 Skip to quiz

Reserve currencies have been fiat currencies (U.S dollar & Euro) Skip to quiz

Pieces of hard material used primarily as a medium of exchange or legal lender Standardized in weight (produced in large quantities) Metal or alloy metal Disc Shape Skip to quiz

Iron Age Anatolia & Archaic Greece (600 B.C.) Spread rapidly in 6 th & 5 th B.C. throughout Greece & Persia & further to the Balkens & India Skip to quiz

Penny minted as a silver coin until 17 th Century First Copper penny minted U.S in 1970’s Skip to quiz

Penny, nickel, dime, quarter Swiss ten cent coin Bactrain Almoravid Ottoman Skip to quiz

What is Money? A. Something that doesn’t have value Something that doesn’t have value B. Object or record that is generally accepted as payment for goods & services Object or record that is generally accepted as payment for goods & services

Try again by hitting the back button Hint: Remember what we personally use money for

That’s right, we use money to pay for things To continue to the next question hit the next button

Where did money originate from? A. Germany Germany B. Africa Africa C. Rome Rome

Try again by hitting the back button Hint: A place where there are seven hills

Try again by hitting the back button Hint: Think hills

That’s right, money originated from temple of Hera 1 of Rome's 7 hills To continue to the next question hit the next button

What is one of the main functions of money? A. Buying Goods Buying Goods B. Medium of Exchange Medium of Exchange C. Barter System Barter System

Try again by hitting the back button Hint: Used to avoid inconveniences

That’s right, medium of exchange is used in trade to avoid inconveniences of pure barter To continue to the next question hit the next button

Try again by hitting the back button Hint: Remember trying to make it better

What does a unit of account lend meaning to? A. Assets Assets B. Owners equity Owners equity C. Insurance Insurance

That’s right, assets bring meaning to a unit of account To continue to the next question hit the next button

Try again by hitting the back button Hint: Think things you own what are those?

Try again by hitting the back button Hint: Things you own

When was the history of commodities discovered? A. World War II World War II B. Pre- Revolutionary War Pre- Revolutionary War C. World War I World War I

Try again by hitting the back button Hint: Think about what happened in each war

That’s right, the history of commodities was discovered during the Pre-Revolutionary War To continue to the next question hit the next button

Try again by hitting the back button Hint: Think of what happened in wars

What is coinage A. Pieces of hard material used primarily as a medium of exchange Pieces of hard material used primarily as a medium of exchange B. Soft pieces of metal used primarily as a gift Soft pieces of metal used primarily as a gift C. Pieces of material used as gifts Pieces of material used as gifts

That’s right, coinage is pieces of hard material used primarily as a medium of exchange To continue to the next question hit the next button

Try again by hitting the back button Hint: Are coins hard or soft?

Try again by hitting the back button Hint: Are coins worth something or not?

Activity Quiz.docx 1. You will print this worksheet out (click on this link and download it) 2. Complete the worksheet 3. Hand it in to your teacher so they can grade it 4. No looking back into the PowerPoint