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Published byBlaze Hassall Modified over 10 years ago
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MONEY Chapter 10-1
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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
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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
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The NEW Currency Click HEREHERE
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Old Money Tour Showcase Click HEREHERE
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GOLD STANDARD?
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What is that PYRAMID thing? Click HEREHERE Click HEREHERE
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The U.S. Mint Tour Click HEREHERE
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Money FACT MONSTER & How to Detect Counterfeit Money Click HERE = Fact MonsterHERE Click HERE = CounterfeitingHERE Click HERE = Detection PenHERE Click HERE = Other DetectorsHERE
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Whose on what??? Click HEREHERE Click HERE for 9-11 TrickHERE
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Money Around The World Click HEREHERE
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