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\nMoney and Its Core Functions in a Modern-Day Economy\n

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\nThis video discusses the functions and evolution of money in a modern economy. The host explains the three key functions of money, which are medium of exchange, store of value, and unit of account. They also describe the characteristics...\nThis video discusses the functions and evolution of money in a modern economy. The host explains the three key functions of money, which are medium of exchange, store of value, and unit of account. They also describe the characteristics that money should have, including acceptability, durability, divisibility, regulation and limited supply, difficulty to counterfeit, and portability. The video examines how money has evolved from the barter system to the present-day fiat monetary system. Additionally, the host touches on the distinction between money, near money, and non-money, and the liquidity of each. Finally, the host briefly touches on cryptocurrencies, like Bitcoin, and how they connect to the functions of money.\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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13:57
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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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\nKnowMo Economics\n\n
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Date
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2018
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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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Additional Materials

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Concepts

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economics, markets, money, assets, terms, coins, prices, time, economy
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Additional Tags

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a-level, lectures, macro, financial, 7.1a, lecture video, precious metals, financial assets, security issues, monetary system, central bank, individual asset, core functions, make transactions, long time, system, important, characteristics, transactions, bank, relative, make, cash, asset, function, bitcoin, readily, made, note
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Money and Its Core Functions in a Modern-Day Economy\" href=\"/subscription/new\">\"Money\n\n
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