Name ____________________ Date ________ Period ____ Chapter 10 Questions Section 1 Money 1. How does money serve as a store of value? 2. Why does the United States currency have value? 3. What are the disadvantages of commodity money? 4. Suppose you are shopping for a new backpack and want to get the best value for your money. Explain how the fact that money functions as a unit of account helps you to make your choice. SKIP SECTION 2 Section 3 Banking Today 5. Describe M1 and M2 money. 6. Describe 3 functions of financial institutions. 7. What is the difference between simple and compound interest? 8. How does a debit card differ from a credit card?