MONEY Chapter 10-1. Three Uses of Money A medium of exchange = anything that is used to determine value during the exchange of goods and services A unit.

Slides:

Advertisements

Similar presentations

Money & Banking Chapter 10 Section 1 Money.

Advertisements

Money, Banking & Finance Section 1: Money. What is Money? You probably think of money as the coins and bills in your wallet or the paycheck you receive.

Money In this lesson, students will be able to identify characteristics of money. Students will be able to identify and/or define the following terms:

Money What is money? A medium of exchange

Do Now What do the following terms have to do with money? Goods

Money What are the 3 functions of money and which is the most important?

Chapter 10 – Money and Banking

Unit 5 Microeconomics: Money and Finance Chapters 10.1 Economics Mr. Biggs.

Chapter 10: Money and Banking Section 1

We will be using Cornell Note Taking Format Today! Money Money Money! Money Money Money! One Step at a time to to Success in Economics class!

KECSSMs. Murren Economics 12/5/11 Outcome SWBAT the three uses of money SWBAT identify and explain the six characteristics money SWBAT identify the sources.

FrontPage: Consider what money is used for. Could anything else be used in its place? The Last Word: No homework; quiz next week; business presentation.

Money and Banking. What is it Worth? What is something worth? What is value? If everyone does not value something the same, does it really have worth?

Money makes the world go around

Standard SSEMI1b- Explain the role of money as a medium of exchange

Money!!!!. MONEY DEFINED  Money is anything that can be used as:  A medium of exchange  A store of value  A unit of account / Standard of Value 

Introduction to Financial Literacy 1.1 Objectives By the end of this lesson, you will be able to: Define “Financial Literacy” Relate financial literacy.

Chapter 12 Money – The Federal Reserve - Banks Relevant standards (Economics) C - Explain the function of money and its use in society D.

Fed bank that issued the bill the bill[Chicago] Bills are crowded with numbers and letters that help the U.S. Treasury track printing errors & authenticate.

Standard SSEMI1b- Explain the role of money as a medium of exchange EQ: How does money act as a medium of exchange to facilitate transactions between consumers.

Money, Banking, and the Federal Reserve

FrontPage: Consider what money is used for. Could anything else be used in its place? The Last Word: Quiz next week.

Money Objectives Describe the three uses for money

Its all about the Benjamins! But…..why?. Money! Why do we care? Ever look at a dollar bill? Ever look at a dollar bill? What makes it so special? What.

What is Money? Economies have evolved into the use of money because Money reduces transaction costs and time. The “double coincidence of wants” is too.

Anything that serves as a medium of exchange, a unit of account, and a store of value What is Money?Money.

The Functions and Characteristics of Money

Chapter 10, Section 1 Money and Banking Three Uses of money. Six characteristics of money. Kinds of money.

Today In Class You will need a Econ book during class. Finish test corrections (10 minutes) Unit 3 Vocabulary – Due November 3 – Quiz & Flash cards Notes.

SSEMI1 THE STUDENT WILL DESCRIBE HOW HOUSEHOLDS, BUSINESSES, AND GOVERNMENTS ARE INTERDEPENDENT AND INTERACT THROUGH FLOWS OF GOODS, SERVICES, AND MONEY.

Money 10.1 money video money video money video “He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all”

Money Dollar, Dollar Bills…Ya’all!. Focus Questions What is Money? What Can Be Used As Money? What characteristics are necessary for something to be good.

Money. What is Money? Problems: In the barter system, before trade could occur, each individual had to have something the other wanted. Some goods cannot.

Chapter 10SectionMain Menu Money is anything that serves as a medium of exchange, a unit of account, and a store of value. What Is Money?

Money “He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all” Eleanor Roosevelt.

Money Lecture 6.6 Money Money- anything people commonly accept in exchange for goods and services.

 What is Money?  Why do we need it?. Money = 1. Purchase of goods and services 2. Personal worth: measurement of wealth and assets.

SSEMI1 THE STUDENT WILL DESCRIBE HOW HOUSEHOLDS, BUSINESSES, AND GOVERNMENTS ARE INTERDEPENDENT AND INTERACT THROUGH FLOWS OF GOODS, SERVICES, AND MONEY.

MONEY. Define Money? Coins and Bills? Economists define money in terms of its three uses 1) Medium of Exchange 2) Unit of Account 3) Store of Value.

Chapter 11. Currency Video Notes 1. What did we use before currency? 2. The first coins were minted around (place and time)? 3. What is considered currency?

Money!. Money Medium of Exchange = anything that is used to determine value during the exchange of a good or service. Money = anything that serves as.

 Money can be anything that has these three things… › A Medium of exchange – must determine value during an exchange  Without money we must barter=trade.

Chapter 14 Money 3 Functions of Money Medium of Exchange - Barter System Unit of Accounting - Yardstick for comparison - Enables accurate financial records.

  You own a blue ray player, but want an ipod Barter vs. Money.

 3 basic functions 1. Medium of exchange for goods and services 2. Store value 3. Standard value – measures values of goods and services.

The coins and paper used as money are called Currency. Money must be durable, portable, divisible, uniform, limited in supply, and acceptable. Money is.

Do now: Take a new guided notes packet. Think…What do you already know about money? Agenda: Do now Guided notes  What is money? Video You create! HAPPY.

Money, money, money….Money!. Money makes the world go round… Money is anything that serves as a medium of exchange…so if you “buy” your friends twinkie.

AP MACROECONOMICS Money: Definitions, Measures, Time Value + Introduction to Quantity Theory.

Did YOU Know?! The best recorded distance for projectile vomiting is 27 feet Originally, Nintendo was a playing card manufacturer Worcestershire Sauce.

Let’s Talk About Money. Life Without Money Barter was the means of trade long before money was invented. Barter means ‘swapping or exchanging goods or.

Unit IV The Financial Sector

Money What would happen if we didn’t have money?.

Do Now Get out your notes: Ch. 11: Government Intervention in the Economy.

History, Functions, and Characteristics of Money

Money and Banking Chapter 10.

Money Properties and Functions

Money, Banking & Finance

Who’s On The Bills?.

Public Policy #11 Origins of Money.

Unit IV The Financial Sector

$Money$ Chapter 10 Section 1 What is money?

Money and Banking Functions of Money

Chapter 10: Money and Banking Section 1

Chapter 10 Money and Banking.

Presentation transcript:

MONEY Chapter 10-1

Three Uses of Money A medium of exchange = anything that is used to determine value during the exchange of goods and services A unit of account = provides the means of comparing the value of goods and services A store of value = something that keeps its value if you hold onto (store) instead of spending

6 Characteristics of Money Durability = Will last Portability = smaller than a cow or goat Divisibility = cant give somebody a half of goat Uniformity = can price similar items accurately and easy Limited Supply = You mysteriously will not discover some in the ground (like pebbles) Acceptability = is accepted by everyone in the ECONOMY

The NEW Currency Click HEREHERE

Old Money Tour Showcase Click HEREHERE

GOLD STANDARD?

What is that PYRAMID thing? Click HEREHERE Click HEREHERE

The U.S. Mint Tour Click HEREHERE

Money FACT MONSTER & How to Detect Counterfeit Money Click HERE = Fact MonsterHERE Click HERE = CounterfeitingHERE Click HERE = Detection PenHERE Click HERE = Other DetectorsHERE

Whose on what??? Click HEREHERE Click HERE for 9-11 TrickHERE

Money Around The World Click HEREHERE