T his tutorial will help you to understand the: C haracteristics and Functions of money.

1. This tutorial will help you to understand the: Characteristics and Functions of money. Done by: NormaleeJohnson NEXT PAGE

2. Grade: 10 • Subject: Principles of Business • Date: June 06, 2013.

3. GENERALOBJECTIVE: Students should appreciate the characteristics and functions of money as it relates to the business environment

4. Specific objectives At the end of the lesson students will be able to: 1) define the term money; 2) describe 6 characteristics of money; 3) explain 4 functions of money

5. What is Money? Money is any commodity that is generally accepted and used as a medium of exchange and as a measure of value.

6. Characteristics of MoneyClick on buttons below to learn more Divisibility Durability Limited Supply Portability Uniformity Acceptability Activity Game

7. Durability It should not wear out easily Click on this go back to the characteristics

8. Portability It should be easy to carry around. Click on this to go back to characteristics

9. Divisibility Money should be able to be broken down in smaller units. Click on characteristics

10. Uniformity Its features should be identical. All similar notes must have the same value. Click on characteristics

11. Limited Supply Supply should be stable. It should not be too abundant. Click on characteristics

12. Acceptability It must be readily acceptable by everyone. Click on characteristics

13. Click on:What are the four Functions of money?

14. Click on: Medium of Exchange Click on: Store of Value Click on: Unit of Account Click on: Deferred Payments

15. Medium of Exchange • Money can be used to pay bills of varying values.

16. Unit of Account Money is measured in units that allow: • Debts; • Prices and • The accounts to be calculated.

17. Store of Value Money can be collected and stored.

18. Group Activity Instruction: The class will be divided into two groups. Team A and Team B will be answering 5 questions each. If team A answer incorrectly the answer goes to Team B and vice-versa. Deferred Payments Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

19. Team A Team B Deferred Payments Question 1 Question 1 Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Question 2 Question 2 Research

20. Deferred Payments Question 1 team a Identify two characteristics Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Answer

21. Acceptability and Store of Value Portability and durability Stave Value and unit of account Deferred Payments Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Questions Question 1team B

22. Deferred Payments Identify two functions of money Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Answer

23. Deferred Payments a)Medium of Exchange and Store of Value b)Portability and Store of Value c)Unit of Account and Stable value Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. question

24. Deferred Payments Money should be able to broken down into smaller pieces Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. answer

25. Deferred Payments Durability Portability Divisibility Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. question

26. Deferred Payments Money can be used to pay bills of varying values Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. answer

27. Deferred Payments Medium of exchange b)Store of value c)Homogenous Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. question

28. Deferred Payments Research Why Money was invented? Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.

29. Deferred Payments Clink on audio and listen, Congratulation Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Question page

30. Deferred Payments Click on audio, oosp please try again Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit. Question page

31. Deferred Payments The end! Thank you! Due to the fact that a value can be placed on money it is possible to borrow funds and repay later or buy goods on credit.