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\nMoney and Finance: Crash Course Economics\n

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\n\nPublisher:\n\nCrash Course\n\n\n
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\nSo, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of...\nSo, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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10:35
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nCrash Course Economics\n\n
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Date
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2015
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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markets, time, gold, business
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Additional Tags

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small pouches, gold standard, barter system, buy stuff, make money, stuff, virtual currency, crash course, sell, borrowers link, back, financial system, stock, borrow money, make, macro, stock market, faceless institution, bitcoin, called, people, services, yap island, piece, pay back, amount, point
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Best For: Explaining a topic
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