Modern Money Bell Ringer

Justin·

Economics

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At a Glance

SubjectEconomics

Original Prompt

create me a fun bell ringer over characteristics and functions of modern money

This learning resource titled 'The Mystery of Money' aims to teach students about the key characteristics and functions of modern money through interactive warm-up activities. Students will explore the difference between valuable items, like shiny sea shells, and money, discussing why certain objects are not accepted as currency. The lesson outlines the four main functions of money: Medium of Exchange, Unit of Account, Store of Value, and Standard of Deferred Payment. Through engaging activities, such as scenario matching and reflective thinking, students will understand what makes 'Good Money' and why qualities like durability and acceptability are essential for a functional currency.