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Money
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Riddle I have 3 coins that total 25 cents and one of the coins is not a nickel. What are the three coins?
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Why do we have money?
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Role of Money Complete the worksheet provided.
Use your textbook pages 210 – 215 as a resource.
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What is the difference between commodity money and fiat money?
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How does it stack up? Medium of Exchange Unit of Account
Store of Value Durability Portability Divisibility Uniformity Supply Acceptable
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While you read consider the following…
What are the three uses of Money? What are the 6 characteristics of Money?
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“Ours is the worst possible system, except for all others. ”
“Ours is the worst possible system, except for all others.” - Winston Churchill
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THE YAP
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PREPARE FOR A QUIZ
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Discuss with a partner What would our options be if the dollar collapsed? What did the colonies do before the dollar? What are some issues with electronic currency? How does the FED help to make our currency functional?
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Let’s review You and a partner will create a kahoot at getkahoot.com.
10 questions total from the material in chapter 4. 10 questions from sections 1 – 3 in chapter 6.
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