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2 cards from this section. Quick, good the night before a test.
What is money's primary function in an economy?
Think about what replaces barter.
Name a type of fiat money.
What does your wallet hold?
What is a primary function of money?
Remember all the roles money plays.
Fiat money has intrinsic value.
Think about why we trust paper money.
Evaluate how a sudden increase in fiat money supply could impact inflation. Cite historical examples.
Consider the balance of supply and demand in economy.
Design a mini-project where you analyze the role of money in a specific economy, looking at both its historical and current perspectives.
Focus on historical trends and modern-day implications.
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