COPYRIGHTED MATERIAL
unit of account
unit which can be used to define and compare the value of something; a function of money. the ability to be reliably saved, stored, and retrieved over time; a function of money. the amount of goods or services that a unit of money, such as one dollar, can buy.
store of value
purchasing power
wealth
an abundance of valuable possessions or money; property; riches.
counterfeit currency imitation currency produced without the legal sanction of the state or government. Federal Reserve Bank the Fed; the central bank for the U.S. which manages U.S. currency, money supply, interest rates, and monetary policy. data breach theft or loss or secure digital media often by hack.
Lesson Objectives By the end of this lesson the student will be able to: 1. Describe the advantages of money over barter.
SLIDE 3F
2. State the functions of money. 3. List the characteristics of money 4. Analyze whether a thing used as a medium of exchange is money . 5. Tell about careers in cybersecurity. Gaining Attention Address students: I have some shocking news. There’s been a revolt at UB Smart School. It’s not the tiny tots. It’s the high school students. Direct students to “Barters a Bust” in Chapter 2 of the workbook. Read aloud. PRODUCT PREVIEW Calamity in Classtopia! There’s been a revolt at UB Smart School! An entire class has declared itself to be an independent country. They call their country Classtopia. It operates under a barter system where students trade for needs and wants, such as pencils for paper, markers and highlighters for peer tutoring or homework help, etc. Insiders report serious problems with the Classtopian economy. Recently, a student was in need of math peer-tutor services from a fellow Classtopian. Unfortunately, the needy student had nothing of interest or use to the peer tutor, so he got no help. Sadly, he bombed the quiz. Another student hasn’t turned in homework for several days because she’s out of binder paper. She has nothing to trade – at least nothing that's wanted by the student who has the excess supply of binder paper. Now she has a D in homework. Another student needs a calculator, but he hasn’t been able to save the 35 pencils required to make the trade. He’s had to count on his fingers and toes. The removal of his shoes and socks during math has caused several evacuations of the classroom.
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Lesson 3 | Show Me the Medium of Exchange
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