Role of money

What is the role of money?

• Medium of exchange, increase wealth and price

• Reduce wealth

What is a medium of exchange?

• Money is the way people pay for products or services

• Money is when a person has a small amount of money

What does to increase wealth mean?

• Money is when a person has a small amount of money

• Money is when a person has a large amount of money

What does price mean?

• All products and services are measured in terms of money

• All products and services are measured in terms of value

What does benefit mean?

• Something good

• Something bad

What is a benefit of money?

• Buying things we need to survive

• Not able to buy anything

What is a benefit of money?

• Buying things to satisfy what we want

• Not satisfying our wants

What is a benefit of money?

• Not being able to start a business

• Being able to start and grow a business

What is a benefit of money?

• Not helping our families

• Helping our families

What are benefits of money?

• Buying things we need to survive and satisfying our wants

• Inequality and corruption