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This tutorial will help you to understand the: Characteristics and Functions of money.Done by:NormaleeJohnson

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Characteristics of MoneyClick on buttons below to learn more

DurabilityLimitedSupplyDivisibilityPortabilityUniformityAcceptabilityActivity Game

It should not wear out easilyDurabilityClick on this go back to the characteristics7

What is Money?Money is any commodity that is generally accepted and used as a medium of exchange and as a measure of value.

Medium of ExchangeMoney can be used to pay bills of varying values.

It should be easy to carry around.PortabilityClick on this to go back to characteristics8

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Question pageClink on audio and listen, Congratulation

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Group ActivityInstruction: The class will be divided into two groups. Team A and Team B will be answering 5 questions each. If team A answer incorrectly the answer goes to Team B and vice-versa.

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Team A Team B

Question 1Question 2Question 1Question 2Research

Click on:What are the four Functions of money?

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Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Question 1 team aIdentify two characteristics

Answer

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Identify two functions of moneyAnswer

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Money should be able to broken down into smaller pieces answer

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

Money can be used to pay bills of varying valuesanswer

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

ResearchWhy Money was invented?

Deferred PaymentsDue to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

The end!

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