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SOCIAL STUDIES WEB created in Inspiration
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MONEY
- From Moneta, the Roman goddess in whose temple coins were minted
- Examples
- Coins
Coins used to contain precious metal, equal to the value they
represented.
- Paper Money
Similar to a check, paper money represents precious metal held by a
government.
- Other media of exchange
- 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.
- Checkbook
A checkbook represents money that will be paid from a bank account.
- Other ways of representing money
- Gold Certificates
- Coupons
- Object of standard value accepted by merchants and others in
exchange for goods and services
- Value determined by government
- Represents objects of real value such as gold and silver
In other economies and cultures, another commodity might be used.
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