Functions of Money

Why do you accept money in exchange for a good or service?

What gives money its value?

Identify the function of money illustrated by the scenario: "You pay $14.00 to see a Marvel movie."

• Medium of Exchange

• Store of Value

• Unit of Account

Identify the function of money illustrated by the scenario: "Your parents put $2,000 into a savings account when you graduate from high school."

• Medium of Exchange

• Store of Value

• Unit of Account

Identify the function of money illustrated by the scenario: "The price of an Apple increases from $1.00 per lb. to $1.25 per lb."

• Medium of Exchange

• Store of Value

• Unit of Account

Identify the function of money illustrated by the scenario: "Jeff puts $50 into a piggy bank."

• Medium of Exchange

• Store of Value

• Unit of Account

Identify the function of money illustrated by the scenario: "This afternoon you read online that the price of a new Honda Accord increased from $23,000 to $25,000."

• Medium of Exchange

• Store of Value

• Unit of Account

Identify the function of money illustrated by the scenario: "You pay $80 to purchase a summer pass for the local water park."

• Medium of Exchange

• Store of Value

• Unit of Account