4.1-4.3 Financial Sector

Front

For each example identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. Megan pays $120 to get her teeth cleaned

Back

Medium of Exchange

Front

Identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. Your grandmother put $1,000 into a savings account.

Back

Store of Value

Front

Identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. The average price of a pizza in California increased to $21.19

Back

Unit of Account

Front

Identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. Dave puts $500 under his mattress

Back

Store of Value

Front

Identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. It costs $109 to buy the same basket of groceries that previously cost $100.

Back

Unit of Account

Front

Identify whether money is fulfilling the role of medium of exchange, store of value, or unit of account. Kristi pays $17 to see the newest Fast and Furious movie.

Back

Medium of Exchange

Front

A $20 bill in your pocket

Back

M1

Front

This type of money is valuable because it is made of something valuable.

Back

Commodity money

Front

This type of money does not have any intrinsic value and does not represent an asset in a vault.

Back

Fiat money

Front

The fact that a $20 bill can be exchanged for a 10, a 5 and 5 ones is an example of which characteristic of money?

Back

Divisibility