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Money and the Banking System

Money and the Banking System. SHOPPING! . Suppose you go shopping and decide to buy a jacket?. How will you pay for the jacket?. A Live Chicken?. How will you pay for the jacket?. 12 Oranges. How will you pay for the jacket?. A Walrus Tusk?. How will you pay for the jacket?.

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Money and the Banking System

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  1. Money and the Banking System

  2. SHOPPING! Suppose you go shopping and decide to buy a jacket?

  3. How will you pay for the jacket? A Live Chicken?

  4. How will you pay for the jacket? • 12 Oranges

  5. How will you pay for the jacket? A Walrus Tusk?

  6. How will you pay for the jacket? • A picture of your cousin?

  7. How will you pay for the jacket? • Your Good Looks?

  8. How will you pay for the jacket? • What about a two pieces of paper, with a picture of an 18th century politician named Alexander Hamilton?

  9. So then, what is money and what gives it value? • Money must be non perishable and keep its value over time. Or B. Anything generally accepted in exchange for goods and service. Turn to page 301 in your economic book

  10. Assessment Activity: • Think through a typical day, make a list of all the ways in which you use money or are affected by the use of money. • http://www.pbs.org/wgbh/nova/moolah/history.html

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