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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AOFPrinciples of Finance
Unit 2, Lesson 4The Function of Money
What would it be like to live in a world without money?
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?
What are some of the advantages and disadvantages of storing wealth as stocks, bonds, and/or real estate?