Money, Labor and Wages

It allows us to trade

• Legal Tender

• Store of Value

• Medium of Exchange

• Unit of Account

The coins and paper bills used as money in a society

• Checks

• Currency

• Bond

• Prices

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.7.5

CCSS.RI.6.5

_________ is the privately owned, publicly controlled central bank of the U.S.

• The Federal Reserve System

• Wells Fargo

• JP Morgan Chase

• Bank of America

__________ is a U.S. government institution that provides insurance on depositor's accounts.

• Department of the Interior

• Department of Homeland Security

• FDIC

• Congress

You can easily carry money in a pocket or a purse. This reflects what characteristics of money?

• durability

• divisibility

• portability

• legal tender

________ is money by government decree, has no alternative value

• Barter

• Specie

• Fiat Money

• Gold Standard

A special machine through which you can do bank transactions

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Checkout

A small plastic card that you use to buy goods or services (even if you don't have the amount on your account at the moment).

• Debit card

• Credit card

• Cash card

• Transaction card

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

A special plastic card that you can use to pay things directly from your bank account

• Credit card

• Cash card

• Debit Card

• PayPal card

In the early 1800s, currency in the U.S. was issued by

• the Fed

• Congress

• banks

• a central bank