Unit 2 lesson 4 the function of money
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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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Unit 2 lesson 4 the function of money

AOFPrinciples of Finance

Unit 2, Lesson 4The Function of Money


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.


Unit 2 lesson 4 the function of money

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.


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