1. Economics
Take out your notebook and date a page 3/17/15 and label it Intro to Money

2. Draw the following flow chart
Functions
characteristics

3. 1. What are some of the uses of money?
2. Take out some money (if you have some). Examine it and explain some of its characteristics.
3. Describe what can be found on a dollar bill.
4. List some of the different types of currency in other countries.

4. What is Money?
Medium of Exchange.

5. What is money?
Measure of Value

6. What is money?
Store of value

7. Characteristics of Money
Portability
Durability
Divisibility
Limited Availability
Acceptability
Uniformity

8. Early and Colonial Money

9. Early and Colonial Money
Shells, dog teeth, fishhooks, tea leaves-commodity money.
Coins-fiat money.
Wampum
Paper Currency
Specie-money in the form of coins.

10. Source of Money’s Value
Commodity Money-used for something else.
Representative Money-can be exchanged for gold.
Fiat Money-has value because the government says it does.

11. Ticket Out the Door 1. List the six characteristics of money.
2. What type of money is commodity money?
3. What are the three uses for money?
4. What type of money is fiat money?
5. What are the advantages of silver certificates?