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MONEY Chapter 10-1. Three Uses of Money A medium of exchange = anything that is used to determine value during the exchange of goods and services A unit.

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Presentation on theme: "MONEY Chapter 10-1. Three Uses of Money A medium of exchange = anything that is used to determine value during the exchange of goods and services A unit."— Presentation transcript:

1 MONEY Chapter 10-1

2 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

3 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

4 The NEW Currency Click HEREHERE

5 Old Money Tour Showcase Click HEREHERE

6 GOLD STANDARD?

7 What is that PYRAMID thing? Click HEREHERE Click HEREHERE

8 The U.S. Mint Tour Click HEREHERE

9 Money FACT MONSTER & How to Detect Counterfeit Money Click HERE = Fact MonsterHERE Click HERE = CounterfeitingHERE Click HERE = Detection PenHERE Click HERE = Other DetectorsHERE

10 Whose on what??? Click HEREHERE Click HERE for 9-11 TrickHERE

11 Money Around The World Click HEREHERE


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