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SOCIAL STUDIES WEB created in Inspiration


   MONEY


  1. From Moneta, the Roman goddess in whose temple coins were minted
  2. Examples
    1. Coins
      Coins used to contain precious metal, equal to the value they represented.
    2. Paper Money
      Similar to a check, paper money represents precious metal held by a government.
  3. Other media of exchange
    1. Credit Card
      A credit card can be used to pay for goods. The holder of the credit card will in turn pay the credit card company the amount of the exchange, plus interest.
    2. Checkbook
      A checkbook represents money that will be paid from a bank account.
  4. Other ways of representing money
    1. Gold Certificates
    2. Coupons
  5. Object of standard value accepted by merchants and others in exchange for goods and services
    1. Value determined by government
    2. Represents objects of real value such as gold and silver
      In other economies and cultures, another commodity might be used.


List of Social Studies Diagrams

 

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