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.
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.
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?