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cause it to lose value; too little causes scarcity which can slow economic growth. The Federal Reserve Bank controls the U.S. money supply through 12 district Reserve Banks, and by buying or selling government bonds. To be financially literate, it is important to know about the roles and powers of central banks. Let’s Practice! The practice activities for this lesson are: Let's Practice: Chart It! The Morph of Money / Money Morph Timeline Let's Practice: The Rise of Bitcoin and VC Exploring 21st Century Skills and Issues: Side Trip to the Federal Reserve Bank Ponder and Predict Engage students in a discussion: Moving from barter to money was a big step forward for civilization. As societies grew, each developed their own monetary systems. What does that mean, and how did it affect commerce? Write your prediction here and in the next lesson, find out if you are right! Assign • Blog, debate, discuss: Do you tend to spend less when you use cash? Does invisible money like electronic funds entice you to overspend? PRODUCT PREVIEW • To prepare for the next lesson: read Chapter 5 of the student workbook. • Watch business or financial news at least 15 minutes per day: Bloomberg West (www.bloomberg.com/video/bloomberg-west) The Street Business News (www.thestreet.com) Reuters (www.reuters.com/video/technology) • Each week compare and contrast tweets from students' selected financial journalists. Compare journalists' opinions about events and stories.
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Lesson 4 | The Money Morph
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