Eisenhower High School Economics
Archive for May 2, 2012
Wednesday 5/2/2012
May 2nd
- Listened to Dave Ramsey talk about student loan protesters
- Pass out Chapter 8, How should you spend, save, and invest your money?
- Discussed what money is (currency, credit/debit cards, and showed Google Wallet)
- Tried to wrap our minds around the fact that there is not a dollar of currency printed up for every dollar of money I have electronically in my bank account.
- Discussed 8.2 from text
- Three functions of money
- medium of exchange
- standard of value
- store of value
- Six characteristics of money
- Acceptability
- Scarcity
- Portability
- Durability
- Divisibility
- Uniformity
- The New $100 Bill interactive
