This document provides an introduction to money, covering its types, functions, and characteristics. It discusses two main types of money: commodity money, which takes the form of commodities like gold and silver; and fiat money, which derives its value by government decree rather than intrinsic value. Money serves four main functions: as a medium of exchange, a unit of account, a standard for deferred payment, and a store of value. Key characteristics that make something suitable as money include durability, portability, divisibility, uniformity, and limited supply. The document explores these concepts through examples and vocabulary terms to provide an overview of the fundamental aspects of money.

1. Introduction to Money

2. "For I don't care too much for
money, for money can't buy me
love." - The Beatles
"Money, if it does not bring you
happiness, will at least help you
be miserable in comfort." - Helen
Gurley Brown
"If you would know
the value of money,
go and try to
borrow some." -
Benjamin Franklin "The easiest way for your
children to learn about money is
for you not to have any." -
Katharine Whitehorn
"The art is not in making
money, but in keeping
it." - Proverb
"Money is only a tool. It will
take you wherever you wish,
but it will not replace you as the
driver." - Ayn Rand
"When I was young I
thought that money was
the most important
thing in life; now that I
am old I know that it is."
- Oscar Wilde
"Money never made a man
happy yet, nor will it. The more
a man has, the more he wants.
Instead of filling a vacuum, it
makes one." - Benjamin Franklin
"Money often costs too
much." - Ralph Waldo
Emerson

3. Check out the story of “The Island of Yap” and their
giant stone money, really makes you think about
exactly what this thing called money is.

4. Also check out the history of the Brazilian money called
the “Real.” The reason it’s call the Real is very interesting,
it started out as fake money that the government tricked
millions of people into using.

5. Incorrect use and understanding of money can lead to
things like inflation, which is a terrible monster, it ruins
lives and can destroy whole countries, all because the
little pieces of paper that they trade becomes unstable.

6. Introduction to Money:
3.) Characteristics of Money
1.) Types of Money
2.) Functions of Money

7. Introduction to Money:
3.) Characteristics of Money
1.) Types of Money
2.) Functions of Money

8. - the direct exchange of goods and services
for other goods and services.
- It requires double coincidence of wants for
trade to take place. Money eliminates this
problem.
Barter
***Life without money:
Some Vocabulary

9. One of the first and longest
used things as money in the
world.

10. - Money is a lubricant 润滑剂 in the
functioning of a market economy.
Liquidity
Some Vocabulary

11. - takes the form of a
commodity with intrinsic 固有
value.
Commodity money
商品
1.) The Types of Money
Examples:
- gold
- silver
- cigarettes

12. Commodity money
1.) The Types of Money
Examples:
- coins
- currency
- bank deposits
- Latin for “let it be done”
- It is used as money because of
government decrees 政令
- It does NOT have intrinsic value.
Fiat money

13. Introduction to Money:
3.) Characteristics of Money
1.) Types of Money
2.) Functions of Money

14. 1.) Medium of Exchange
交换媒介
2.) The Functions of Money
- A medium of exchange is
anything that is readily
acceptable as payment.

15. { Leo and me with stuff
Barter pics
These type of things might make OK mediums of
exchange to barter with, but isn’t good enough to be
money because they don’t have the other aspects
needed to be money.

16. 2.) Unit of Account - is the yardstick准绳 people
use to post prices and record
debts.
1.) Medium of Exchange
2.) The Functions of Money

17. { Leo and me with stuff
Barter pics
Kind of hard to count things like
this huh? Not all the same size
either.

18. 2.) Unit of Account
1.) Medium of Exchange
3.) Standard of
Deferred payment
- Can be used as something
to pay with in the future.
1.) The Functions of Money

19. { Leo and me with stuff
Barter pics
Corn might start out like this…

20. {
But will become like this.

21. 2.) Unit of Account
1.) Medium of Exchange
3.) Standard of
Deferred payment
4.) Store of Value - is an item that people can use to
transfer purchasing power from the
present to the future.
2.) The Functions of Money

22. {
Corn wasting away in
fields…
Again, corn might start out like
this…

23. {
But doesn’t keep it’s value very
well. Can you think of other
things like this?

24. Zimbabwe
津巴布韦
and its
famous
inflation
通货膨胀
Check out this story too, they have
some of the most interesting (and
useless) money in the world.

25. Introduction to Money:
3.) Characteristics of Money
1.) Types of Money
2.) Functions of Money

26. Durability
耐久力
3.) Characteristics of Money
- retains the same shape, form,
and substance over an extended
period of time.

27. Durability
可移植性
3.) Characteristics of Money
- money can be easily moved from
one location to another.
Portability

28. Durability
可分性
3.) Characteristics of Money
- can be divided into small
increments that can be used in
exchange for goods of varying
values.
Portability
Divisibility

29. Durability
均匀性
3.) Characteristics of Money
- each increments is
interchangeable and the
same.
Portability
Divisibility
Uniformity

30. Durability
3.) Characteristics of Money
- cannot be easily duplicated.
Portability
Divisibility
Uniformity
Limited Supply

31. So to Summarize…

32. ii.) Unit of Account
i.) Medium of Exchange
iii.) Standard of
Deferred payment
iv.) Store of Value
2.) Functions
Money
Durability
3.) Characteristics
Portability
Divisibility
Limited Supply
Uniformity
Some Vocabulary
Barter
Liquidity
1.) Types
Commodity
money
Fiat
money

33. An Overview of Money
Money is a promise
Money is trust
Money is paper (something close to it )
Money is Bull S#!%

34. The End
Thank you
