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Why Does Money Matter?

Go Through the Steps in Order, and Master this Topic!

Lesson Resources

Step 1 – Presentation

PPTX File • 5.1 MB

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Step 2 – Lesson 1 Worksheet

PDF Document • 1.2 MB

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Step 3 – Activity Guide

PDF Document • 2.5 MB

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Step 4 – Quiz

Complete the quiz to unlock the next lesson and test your understanding of today's concepts.

What problem did money solve that bartering could not?
People didn't want to share their goods
Not everyone had something the other person wanted to trade
Farmers had too many apples
Trading took too long
Money does three important jobs. Which of the following is NOT one of them?
Medium of Exchange
Store of Value
Unit of Account
Source of Power
Why does a $1 bill have value even though it's just paper?
It has gold stored behind it at the bank
It's made of a special material worth $1
The government backs it, people trust it, and the supply is controlled
Banks print exactly as many as people need
What are the four steps of the Money Cycle?
Earn, Borrow, Spend, Pay Back
Earn, Save, Spend, Give
Work, Invest, Spend, Donate
Earn, Save, Invest, Retire

Quiz Answer Key

1) B – Not everyone had something the other person wanted to trade
2) D – Source of Power
3) C – The government backs it, people trust it, and the supply is controlled
4) B – Earn, Save, Spend, Give

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