06.01 Money, Money, Money

How do people use money?

• Exchange it for goods and services

• Use it to write a book

• Decorate your house with it

• Use it to make your car work

There are not enough juice boxes to go around. Which word describes this situation?

• Coins

• Bills

• Scarcity

• Trade

Why is money important?

• Everyone needs and uses money

• People do not need money.

• People do not use money.

• Money comes in only one currency.

You cannot use flowers to pay for something. Why can flowers not be used as money?

• Money must only be coins.

• Money is scarce.

• Money must be recognizable.

• Money must only be bills.

Which of the following is a characteristic of money?

• Coins

• Trade

• Scarcity

• Divisible

You cannot use a camel to pay for something. Why can a camel not be used as money?

• Money must be portable.

• Money is not something people need or use.

• Money must only be coins.

• Money must only be bills.

What is the definition of trade?

• To exchange something you have for something someone else has

• When there is not enough of something

• Things made or grown to be bought and used

• Work a person does for someone else

What does it mean when we say that money must be durable?

• It must be able to be divided or broken down

• It must be recognizable.

• It must be able to be carried and used easily.

• It must be made to last.

What is currency?

• Another name for money

• Another name for a country

• Something used to cook with

• Something used to clean with

What are bills?

• A round piece of metal stamped with a design

• A flat piece of paper money

• When there is not enough of something

• When there is too much of something