Unit 2 lesson 4 the function of money
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Unit 2, Lesson 4 The Function of Money PowerPoint PPT Presentation


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AOF Principles of Finance. Unit 2, Lesson 4 The Function of Money. Money is so common that we rarely think about what it is. _____________ is any medium that is generally accepted as payment for goods and services. Money is used to get the things we need and want.

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Unit 2, Lesson 4 The Function of Money

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AOFPrinciples of Finance

Unit 2, Lesson 4The Function of Money


Money is so common that we rarely think about what it is

  • _____________ is any medium that is generally accepted as payment for goods and services.

  • Money is used to get the things we need and want.

  • The characteristics of money include: __________, ____________, __________, and ___________

What would it be like to live in a world without money?


Money facilitates the direct exchange of goods and services

  • Before money was around, people used to _________ to obtain the goods and services that they needed.

  • People traded jewelry, shells, livestock, stones, tools, and much more.

  • Bartering wasn’t very efficient or convenient.

  • Bartering requires a “_________________________________”—a rare occurrence.

Describe a time when you bartered with someone for something that you wanted.


People use money when any ____________________is purchased.

Money ensures the successful exchange of one item for another.

Money serves as a way for people to get goods and services they do not produce with ease.

Money enables us to easily trade goods and services

How does using money as a medium of exchange simplify your life today?


Money is a way to hold wealth

  • Money is a store of value and can be used to ____________________

  • You can store the value of the goods and services you produce.

  • You can save the value of what you make today to purchase items in the future.

  • __________, __________, ___________, and ___________are just some of the ways that people hold wealth.

What are some of the advantages and disadvantages of storing wealth as stocks, bonds, and/or real estate?


Money is a standard unit of measurement

  • Money is a unit of __________

  • The price of all the other ________________ are measured in terms of money.

  • Money allows you to ___________ goods and services by a common attribute.

  • Items become valued in terms of dollars or portions of a dollar.


Money simplifies trade

  • If used appropriately, money can make life easier.

  • Money serves a specific purpose in society.

  • Money is a _____________ and is required for survival.

  • Money should be managed and used responsibly.


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