unit 2 lesson 4 the function of money
Download
Skip this Video
Download Presentation
Unit 2, Lesson 4 The Function of Money

Loading in 2 Seconds...

play fullscreen
1 / 7

Unit 2, Lesson 4 The Function of Money - PowerPoint PPT Presentation


  • 166 Views
  • Uploaded on

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Unit 2, Lesson 4 The Function of Money' - rosamund-jeremiah


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
money is so common that we rarely think about what it is
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
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.

slide4
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 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 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
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.
ad