Function of Money
An asset that maintains its value over time without depreciating significantly.
Store of Value
What is the official form of money in active circulation within a country?
Currency
What is the act of creating, altering, or imitating objects, documents, or signatures?
Forgery
What are the three critical functions that money must fulfill?
Medium of exchange, store of value, unit of measure
How many kids does Mrs. Murray has?
Three
A medium of exchange that facilitates the buying and selling of goods and service in an economy.
Money
What is the aspect of money whereby a government officially sanctions it for the payment of debts?
Legal Tender
What is a check that cannot be processed due to insufficient funds in a the bank account?
Bounced Check
What is best describes as commodity money?
Intrinsic value due to it physical properties
How many grandkids does Mrs. Murray has?
Two
An instrument that represents a standard and agreed upon value, used to purchase goods and services and to pay debts.
Medium of Exchange
What is the form of money that has intrinsic value due to it physical properties?
Commodity Money
What is electronic transfer of money?
EFT
What is the main difference between money and currency?
currency is the official form of money in active circulation within a country
What college did Mrs. Murray graduate from?
Southern University A & M, Baton Rouge
The official form of money in active circulation with a country.
Currency
What is the monetary system where a country's basic unit of current equals a certain quantity of gold?
The Gold Standard
What is the direct deposit of money?
ACH
Finish this lyrical More Money, More?
Problems
How many years of banking experience do Mrs. Murray has?
20years
Where goods and services are exchanged directly for other goods and services without a medium of exchange, like money begin used.
Barter System
What is a promissory note and legal tender issued and backed by the government?
Banknote
A software based system that securely stores users payements?
Digital Wallet
A medium of exchange that facilitates the buying and selling of goods and services in an economy.
MONEY
How many years has Mrs. Murray been teaching at Higgins High School?
1 full year