Why do cows wear bells? Their horns don’t work! Money Page 89 Why do cows wear bells? Their horns don’t work!

Standard 13f Essential Understandings: Money is defined as anything that is generally accepted as a method of payment. Essential Questions: Why does the government issue currency and coins? Which government agencies are responsible for creating money? Vocabulary: coins, currency, Federal Reserve notes, credit cards, debit cards

Candy Questions

What type of business has one owner?

In the U.S. economy, what determines price?

Which economic type has a centrally planned and controlled economy?

What economic term means using goods and services?

What type of resource is pictured here?

What type of crime is murder and kidnapping?

What does a police officer need to have in order to make an arrest?

What document is the “supreme law of the land?”

Which court is where a defendant would have a trial by jury for a federal felony?

Name one way an interest group can affect public policy.

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https://www.youtube.com/watch?v=KAm-kDXX0f4

Money is defined as anything that is generally accepted as a method of payment. When the United States government issues coins and currency, people accept it in exchange for goods and services because they have confidence in the government. Government issues money to facilitate this exchange.

Stay tuned for the following commercial

https://www.youtube.com/watch?v=XFxllgA32ug

Three types of money generally used in the United States: Coins Federal Reserve notes (known as paper currency) Deposits in bank accounts that can be accessed by checks and debit cards

How does the government get funds for paying the National Guard in your community, repairing the roads after a difficult winter, or building a new post office?

How does the government get funds for paying the National Guard in your community, repairing the roads after a difficult winter, or building a new post office? The government can use tax money (and even increase taxes) or borrow money.

What gives the government authority to tax individuals and businesses?

The 16th Amendment to the U.S. Constitution What gives the government authority to tax individuals and businesses? The 16th Amendment to the U.S. Constitution

Name some public goods and services from the national government.

Name some public goods and services from the national government. Defense National parks Postal services Veterans’ Affairs Bank regulation Food and drug safety National weather forecasts Labor laws Federal housing projects Education Highways and transportation systems

On the left side of your notebook, illustrate and label four kinds of money. Check Debit Card Coins Federal Reserve Notes