Vocabulary 03: Money & Exchange

Front

barter

Back

The exchange of good and services without the use of money

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

commodity money

Back

Any item that is widely used and carries an inherent worth to most people and can easily be exchanged for goods and services

Front

flat money

Back

Money that is not backed by reserves of another commodity; governments create flat money by decree of the money's worth

Front

money

Back

A commodity or asset, such as gold, an officially issued currency, a coin or paper note, that can be legally exchanged for something equivalent, such as goods or services

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

representative money

Back

Money that represents a commodity in holding (for example, a grain warehouse receipt)

Front

wampum

Back

Beads of shells strung in strands and used by American Indians as money

Tags

CCSS.L.5.4B

CCSS.L.6.1E

Front

durable

Back

A requirement for money: ability to last a long time

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

divisible

Back

A requirement for money: ability to be divided into smaller units

Tags

CCSS.4.OA.B.4

Front

portable

Back

A requirement for money: ability to easily transport

Tags

CCSS.L.3.4B

CCSS.L.3.4C

CCSS.RF.3.3A

CCSS.RF.4.3A

CCSS.RF.5.3A

Front

acceptable

Back

A requirement for money: people accept it as money for exchange

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C