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Published byJared Williams Modified over 6 years ago
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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.
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Without money Transactions require double coincidence of wants.
“Prices” are subjective and extremely variable. Transaction costs are high.
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When is money needed? Economies grow too large
Labor specializes too much Transactions become too complicated
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What is money? Anything that is generally acceptable as payment for goods and services or for repayment of debts.
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Kinds of money? Commodity money Representative money Fiat money
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Who needs money? Prisons Nations The internet? Groups of nations
Communities
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Characteristics of money?
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Characteristics, cont.
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Characteristics, cont.
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Old money
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Old money
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Old money
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Current money
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Current money
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Dallas Fed’s New Publication
Everyday Economics: Money
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Inside the publication
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Inside money
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Vocabulary for money
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