Money, money, money, MONEY!!!

Front

What form of payment do you use most often?

Back

Cash

Front

What is Cash?

Back

Legally endorsed coins and paper currency

Front

What is a Check?

Back

Dated and signed payment instruction

Front

What is a Credit Card?

Back

Electronic method of payment on credit

Front

What is a Debit Card?

Back

Direct deduction from bank account

Front

What is the main characteristic of a barter system?

Back

Goods and services are exchanged for other goods and services directly

Front

Which of the following best describes a medium of exchange?

Back

An instrument representing a standard value used for buying and selling

Front

Why is it important for participants in the economy to agree on the value of money?

Back

To ensure smooth exchanges of goods and services

Front

What does it mean for money to be a unit of measure?

Back

Money helps determine the relative value of products and services

Front

Which characteristic of money allows individuals to save and retain its value for future use?

Back

Store of Value