By: Miranda Crowl
EDCI 270 Project 3
November 8, 2013
Objective 1- Given the definition of money, they will be
able to write two sentences identifying what it is and
what it is used for with 100% accuracy.
Objective 2- Given the main functions, they will be able
to define each main function in a sentence with 100%
accuracy.
Audience- 5th graders, with a basic background on the
different types of functions, and a little knowledge on
the history of money.
Learning Environment- In classroom (on a computer)
by themselves must have a pencil and piece of paper.
Instruction Slide
Content 1
Content 2
Content 3
Quiz
Extras
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Definition: Money is something of value; object or
record that is generally accepted as payment for
goods and services.
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Money is believed to of originated from a temple
of Hera, located on Capitoline, one of Rome’s
Seven Hills.
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• Medium of Exchange
• Unit of account
• Store Value
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An intermediary used in trade to avoid the
inconveniences of a pure barter system.
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A standard monetary unit of
measurement of value/cost of
goods, services, or assets.
It lends meaning to profits,
losses, liability, or assets
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A recognized form of exchange can be a form of
money or currency, or commodity like gold, silver or
financial capital.
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Commodity Money
• Representative Money
• Fiat Money
• Coinage
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Money whose value comes from a commodity of
which it is made
Objects that have value in themselves as well as
value in their use as money
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Pre-Revolutionary America including wampum,
maize, iron nails, beaver pelts & tobacco
Fort Knox gold repository long maintained by U.S.
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Gold certificates for gold
1933 & 1970 (1 U.S. dollar = 1/3 of a troy ounce)
They banded the trade after 1933
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Gold, Silver, Copper, Salt,
Peppercorns, Large
Stones, Decorated Belts,
Alcohol, & Cigarettes
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A claim or commodity
“Commodity-backed money”
Type of money that has a face value greater than
its value as material substances.
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William Stanley Jones (1875) thinks it arose because
metal coins were “variously clipped or depreciated”.
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He noted that paper and other materials have been
used as representative money.
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Gold Certificates
Silver Certificates
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Any money declared by a
government to be legal
tender
• State issued money which is
neither convertible by law
to any other thing, nor fixed
in value in terms of any
objective standard
• Money without intrinsic
values
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Latin fiat “let it be done”, “it shall be”
• China 11th century Yuan & Ming dynastico
• Song Dynasty first issue paper money (Jiaozi)
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Europe (1661) John Palmsturch first in West
Depreciated by 1776 it returned to a silver standard
• Bank of Amsterdam in 1683
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Reserve currencies have
been fiat currencies
• (U.S dollar & Euro)
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Pieces of hard material used primarily as a medium
of exchange or legal lender
• Standardized in weight (produced in large
quantities)
• Metal or alloy metal
• Disc Shape
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Iron Age Anatolia & Archaic Greece (600 B.C.)
Spread rapidly in 6th & 5th B.C. throughout Greece &
Persia & further to the Balkens & India
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Penny minted as a silver coin until 17th Century
• First Copper penny minted U.S in 1970’s
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Penny, nickel, dime, quarter
• Swiss ten cent coin
• Bactrain
• Almoravid
• Ottoman
What is Money?
A. Something that doesn’t have value
B. Object or record that is generally accepted as
payment for goods & services
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Try again by hitting the back button
Hint: Remember what we personally use money for
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That’s right, we use money to pay for things
To continue to the next question hit the next
button
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Where did money originate from?
A. Germany
B. Africa
C. Rome
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Try again by hitting the back button
Hint: A place where there are seven hills
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Try again by hitting the back button
• Hint: Think hills
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That’s right, money originated from temple of Hera
1 of Rome's 7 hills
• To continue to the next question hit the next
button
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What is one of the main functions of money?
A. Buying Goods
B. Medium of Exchange
C. Barter System
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Try again by hitting the back button
• Hint: Used to avoid inconveniences
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That’s right, medium of exchange is used in trade to
avoid inconveniences of pure barter
• To continue to the next question hit the next
button
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Try again by hitting the back button
Hint: Remember trying to make it better
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What does a unit of account lend meaning to?
A. Assets
B. Owners equity
C. Insurance
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That’s right, assets bring meaning to a unit of
account
• To continue to the next question hit the next
button
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Try again by hitting the back button
Hint: Think things you own what are those?
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Try again by hitting the back button
• Hint: Things you own
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When was the history of commodities discovered?
A. World War II
B. Pre- Revolutionary War
C. World War I
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Try again by hitting the back button
Hint: Think about what happened in each war
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That’s right, the history of commodities was
discovered during the Pre-Revolutionary War
• To continue to the next question hit the next
button
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Try again by hitting the back button
Hint: Think of what happened in wars
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What is coinage
A. Pieces of hard material used primarily as a medium
of exchange
B. Soft pieces of metal used primarily as a gift
C. Pieces of material used as gifts
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That’s right, coinage is pieces of hard material used
primarily as a medium of exchange
• To continue to the next question hit the next
button
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Try again by hitting the back button
• Hint: Are coins hard or soft?
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Try again by hitting the back button
Hint: Are coins worth something or not?
Activity Quiz.docx
1. You will print this worksheet out (click on this link
and download it)
2. Complete the worksheet
3. Hand it in to your teacher so they can grade it
4. No looking back into the PowerPoint