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Unit 2 - Money Activity

Students will understand and apply functions and characteristics of money.

AB
MoneyUniversally accepted as payment
Medium of ExchangeItems sellers will accept as payment
Unit of AccountingMeasure prices are expressed
Unit of AccountingCommon denominator in price system
Store of ValueHolds value over time
Store of ValueAllows wealth to be transferred
Standard of Deferred PaymentMeans of settling debts
Money CharacteristicDurable
Money CharacteristicPortable
Money CharacteristicEasily divisible
Money CharacteristicHard to counterfeit
Money CharacteristicAcceptable


Maggi Vick

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