The History of Money October 2011. Why do we have money? Convenience It is often easier to use money than barter / trade Would you prefer to receive fish.
Money & Banking Chapter 10 Section 1 Money. Money & Banking Objectives: Describe the three uses of money. Explain the six characteristics of money. Understand.
The Money Supply, Banking System, and Monetary Policy Chapters 17 & 18 Macroeconomics: Theories and Policies ECON 219 S. Cunningham.
Money, Banking, & the Fed AP Macroeconomics Chapter 29 & 30 Notes.
Do Now What do the following terms have to do with money? Goods Services Scarcity Capital.
392 Money. 393 What is Money? Money is any commodity or token that is generally acceptable as the means of payment. A means of payment is a method of.
MONEY. 3. Money with intrinsic value is called a. local money b. fiat money c. legal money d. bullion money e. commodity money.
Ch. 10 Notes: Money When you think money, you think coins, cash, or any other slang terms you can think of. Economists think of it for 3 uses: –Anything.
By Mr. LAU san-fat/ver 2004 CH2-Money-SV 1 CH2-Money HK Certificate of Education Examination.
●money Any items that are regularly used in economic transactions or exchanges and accepted by buyers and sellers. WHAT IS MONEY? 13.1.
Unit 8 M O N E ¥ If you were a millionaire… go traveling around the world build an orphanage help the poor and the homeless buy a large house with a.
Chapter 10. Anything that serves as a medium of exchange, a unit of account, and a store of value.