The week's Big Question What do some of us have lots of, whilst others very little? For some people,...

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Transcript of The week's Big Question What do some of us have lots of, whilst others very little? For some people,...

The week's Big QuestionWhat do some of us have lots

of, whilst others very

little?

For some people, it's a cure for all problems

but for others, it's

a curse

Is it a belief in

God?No, a belief in MONEY

The Birth of Money

Before the invention of money the only way to trade goods was via the barter system

Primitive Money

Amber, beads, cowries, drums, eggs, feathers, gongs, hoes, ivory, jade, kettles, leather, mats, nails,

oxen, pigs, quartz, rice, salt, thimbles, umiacs, vodka,

wampum, yarns, and zappozats

What is Money?

Any token or other object that functions as a medium of

exchange that is socially and legally accepted in payment for goods and services and in settlement of

debts

The Characteristics

"Money is a matter of functions four, a medium, a measure, a standard, a

store."

Why do we need it?

Absence of money causes an economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs

are of equal value

What are the Benefits?

The efficiencies gained through the use of money are thought to encourage trade and the division of labour, in

turn increasing productivity and wealth

Death by forgery

Thank youRodger

Heads or Tails?

King, Queen & Britannia

Add a little colour

10 shilling note£1 note£5 note

Old white fiver was dull - white and printed only on one side

Who’s who?

£5 Series E Revision

£10 Series E Revision

£20 Series E Revision

£20 Series F

£50 Series E

What Colour the Euro?

€ 5€ 10€ 20€ 50

€ 100

A Question of Money

Million Pound NotesScotland & Wales

Best fiver everOldest banknote

‘Hell’ Money

Slang Money Joey

TannerBob

NickerMaggie

Lady Godiva

Score PonyTonMonkeyGrandArcher