ORIGIN OF THE WORD MONEY

MONEY: DEFINITION

BARTER

EVOLUTION OF MONEY

BARTER goods and services for other

goods and services

COMMODITY MONEY something of value

itself (like a gold coin) is a unit of money to
pay for goods and services

REPRESENTATIVE
MONEY a currency is used, but each unit of
currency is backed by (represents) an actual
amount of a commodity (like gold)
BY LATE 20TH CENTURY ALL COUNTRIES USE THIS -

FIAT

MONEY a currency is used, and is not

COINAGE

PAPER MONEY

PLASTIC MONEY

FUNCTIONS OF MONEY

FORMS OF MONEY

Types of Checks

Parts of a Check

CHARACTERISTICS OF A GOOD
MEDIUM OF EXCHANGE