Money is defined as anything that is generally accepted as a method of payment.
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CHECK FOR UNDERSTANDING!!!
a.
even
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b. Bank notes and coins
c. Anything that is generally
accepted as payment for
goods or services
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When the United States government issues coins and currency, people accept
it in exchange for goods and services because they have confidence in the
government. Our federal government issues money to facilitate this
exchange. Before money was exchanged we had a barter system where
individuals would trade goods for other goods or services. The three types of
money generally used in the United States are: coins, Federal Reserve notes
(currency); and deposits in bank accounts that can be accessed by checks and
debit cards.
Lt
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1. Why does the government issues currency and coins?
2. Which government agencies are responsible for creating money?
3. What types of money are used in the United States?
4. What is the BEST definition for money?
Currency produced by the
Federal Reserve
ного
d. Based off the gold
standard allows us to run
the economy
