Scribd Logo
Upload

Welcome to Scribd!

  • Economics Money Project: Yoo-Jung Yang 1st Block

    Uploaded by

    shorkles
    12 views10 pages
    The document summarizes the results of a survey about whether people would accept an economics class project's fake currency as legal tender. Most respondents (92%) said they would not accept it, with the top reasons being that it is not real or has no value (36%). A few respondents (8%) said they would accept it, noting that they have faith in the person depicted on the currency or think he looks cool. When asked what gives money its value, the most common answers were the government (34%) and purchasing power (10%). Younger respondents were more likely to cite faith or the person depicted than older respondents.

    Original Description:

    School Project

    Original Title

    Economics Money Project

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes the results of a survey about whether people would accept an economics class project's fake currency as legal tender. Most respondents (92%) said they would not accept it, with the top reasons being that it is not real or has no value (36%). A few respondents (8%) said they would accept it, noting that they have faith in the person depicted on the currency or think he looks cool. When asked what gives money its value, the most common answers were the government (34%) and purchasing power (10%). Younger respondents were more likely to cite faith or the person depicted than older respondents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views10 pages

    Economics Money Project: Yoo-Jung Yang 1st Block

    Uploaded by

    shorkles
    The document summarizes the results of a survey about whether people would accept an economics class project's fake currency as legal tender. Most respondents (92%) said they would not accept it, with the top reasons being that it is not real or has no value (36%). A few respondents (8%) said they would accept it, noting that they have faith in the person depicted on the currency or think he looks cool. When asked what gives money its value, the most common answers were the government (34%) and purchasing power (10%). Younger respondents were more likely to cite faith or the person depicted than older respondents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Economics Money Project

    Yoo-Jung Yang 1st Block

    Background
    People were asked at Bob Jones and Bridgestreet. 25 males and 25 females were asked. Target doesnt support our Econ class

    Would you accept this as legal Would you accept this as legal tender? tender?
    Yes 8%

    No 92%

    Would you accept this as legal tender?


    30 25 20 15 10 5 0 Yes No Male Female

    Nos: Why wont you accept this?


    It's fake/not real

    20%

    It has no value It's not legal tender What it says (ex: "It says not legal tender on it") Not accepted by others Not backed

    36% 4%

    9%

    4% 7% 13% 7%

    No back Appearance of Coach Newsome

    Elaboration on the Appearance of Coach Newsome


    He looks like my older brother Too ugly He looks like me *lifts cap to reveal baldness* It has a weird guys face on it That guys not American

    Yess: Why would you accept this?


    The guys face looks cool Its awesome Its worth as much as any other paper- if I have faith in Coach Newsome, the value of it should go up Coach Newsome is his buddy

    What gives money its value?


    2% 2% 4% 2% 2% 34% 4% 2%
    Government World Trade Purchasing Power Faith in it Others I don't know

    10%

    No/Nothing Gold You work to get it If it's green, it has value

    6% 4% 8% 8% 8% 4%

    US Treasury Anything Credit American seal Because he has to pay tithe

    Young people (14-18)


    Government Purchasing Power Faith in it Others No/Nothing Gold If it's green, it has value US Treasury Anything Credit American Seal

    8% 4% 4% 8% 4% 4% 8% 4% 18% 4% 34%

    Old people (19-65)


    4% 4%
    Government World Trade

    16% 36%

    Purchasing Power Others I don't know

    4%
    No/Nothing

    8%

    Gold You work to get it

    12% 8%

    8%
    Because he has to pay tithe

    You might also like