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Functions of Money

Money has taken many forms through the ages: shells, wheels, beads and even cows. All forms, though, have always had three things in common. Find out what in this eight-minute podcast. You will also learn how commodity money differs from representative money and how both differ from today's fiat money.

Keywords:: Exchange, Commodities, Value, Money, Podcast

Disciplines:

Business / Economics

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Material Type:: Reference Material
Date Added to MERLOT:: February 11, 2020
Date Modified in MERLOT:: February 11, 2020
Author:: Federal Reserve Bank of St. Louis
Submitter:: Adrienne Brennecke
Primary Audience:: Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:: Audio File (e.g. Podcast)

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International