A34-Money
First name *
Your answer
Last name *
Your answer
SCHOOL email address *
Your answer
Class period *
1. For each of the following rate if it is a strong or weak medium of exchange, store of value, or standard of value.
To be a good medium of exchange, money must be accepted by people when they buy and sell goods and services. It should be portable or easily carried from place to place. It must also be divisible so that large and small transactions can be made. It must also be uniform so that a particular unit such as a quarter represents the same value as every other quarter.

To be a good standard of value, or unit of account, money must be useful for quoting prices. To accomplish this, money must be familiar, divisible and accepted.

To be a good store of value, money must be durable so it can be kept for future use. It also should
have a stable value so people do not lose purchasing power if they use the money at a later time.
3 Functions of Money
a. Salt *
Choose three total--one strong and one weak for each.
Required
b. Cattle *
Choose three total--one strong and one weak for each.
Required
c. Gold *
Choose three total--one strong and one weak for each.
Required
d. Copper coins *
Choose three total--one strong and one weak for each.
Required
e. Personal checks *
Choose three total--one strong and one weak for each.
Required
f. Debit card *
Choose three total--one strong and one weak for each.
Required
g. Credit card *
Choose three total--one strong and one weak for each.
Required
h. Cigarettes *
Choose three total--one strong and one weak for each.
Required
i. Playing cards *
Choose three total--one strong and one weak for each.
Required
j. Bushel of wheat *
Choose three total--one strong and one weak for each.
Required
k. $1 bill *
Choose three total--one strong and one weak for each.
Required
l. $100 bill *
Choose three total--one strong and one weak for each.
Required
m. Sea shell *
Choose three total--one strong and one weak for each.
Required
2. What are your three best choices from above? Why? *
Explain
Your answer
3. For each of the following, decide which of the 5 apply to the choices. You can choose none or all five for each.
a. Salt *
You can choose up to 5 for each.
Required
b. Cattle *
You can choose up to 5 for each.
Required
c. Gold *
You can choose up to 5 for each.
Required
d. Copper coins *
You can choose up to 5 for each.
Required
e. Personal checks *
You can choose up to 5 for each.
Required
f. Debit card *
You can choose up to 5 for each.
Required
g. Credit cards *
You can choose up to 5 for each.
Required
h. Cigarettes *
You can choose up to 5 for each.
Required
i. Playing Cards *
You can choose up to 5 for each.
Required
j. Bushel of wheat *
You can choose up to 5 for each.
Required
k. $1 bill *
You can choose up to 5 for each.
Required
l. $100 bill *
You can choose up to 5 for each.
Required
m. Sea shell *
You can choose up to 5 for each.
Required
4. Now what are your three best choices? Why? *
Explain
Your answer
5. Why might factors such as ease of storage, difficulty in counterfeiting and security of electronic transfer of funds also be characteristics that you might use in evaluating money? *
Explain
Your answer
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