1. To order publication, Money: Everyday Economics, go to:
Why money?
To order publication, Money: Everyday Economics, go to:
The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System.

2. Without money Transactions require double coincidence of wants.
“Prices” are subjective and extremely variable.
Transaction costs are high.

3. When is money needed? Economies grow too large
Labor specializes too much
Transactions become too complicated

4. What is money?
Anything that is generally acceptable as payment for goods and services or for repayment of debts.

5. Kinds of money?
Commodity money
Representative money
Fiat money

6. Who needs money? Prisons Nations The internet? Groups of nations
Communities

7. Characteristics of money?

8. Characteristics, cont.

9. Characteristics, cont.

10. Old money

11. Old money

12. Old money

13. Current money

14. Current money

15. Dallas Fed’s New Publication
Everyday Economics: Money

16. Inside the publication

17. Inside money

18. Vocabulary for money