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Professor Dave Explains
Introduction to Personal Economics: The Purpose of Money
After discussing both microeconomics and macroeconomics at great length, it's time to look at personal economics. Here we discuss aspects of economics that are relevant for your daily life. Let's start with an obvious concept, money....
ACDC Leadership
3 Functions of Money
A quick reminder of the fuctions of money: medium of exchange, store of value, and unit of account.
Curated OER
What is Money?
Can you create money out of thin air? The Federal Reserve can, and that's one of the reasons for inflation! There are over 3,800 past examples of paper currency that no possess any value due to past bouts of inflation. This resource...
Federal Reserve Bank
The Fed Is Protecting Your Money
A dollar bill, a check, a credit card, and... a cow? What exactly are the various forms of payment that exist today? Your learners will identify the three functions of money in this lesson. In addition, they will discover the most...
Federal Reserve Bank
Federal Reserve and You: Money and Banking 101: What Is Money?
A video describing the common characteristics of money. Understand that money must be a medium of exchange, unit of account, and store value. Also learn about the six traits money must have. [2:18]
Other
Shane Killian: Youtube: What Is Money?
Going basic again. This video covers the basics of what money is and how and why it works. [10:54]
Khan Academy
Khan Academy: Functions of Money
What does money actually do? Economists usually subdivide its functions into three categories: A medium of exchange, a store of value, and a unit of value. This video illustrates these various functions. [6:09]