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1.2: What is Money?

Explore the history, forms, and functions of money.

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  • 1.2.1 Functions of Money – Barter system, before money, people traded goods and services directly. Money is a medium of exchange, store of value, and unit of account.

  • 1.2.2 Types of Money – Cash, coins, digital payments, and mobile apps.

  • 1.2.3 Earning Money – Discover different ways people earn money and what influences income. Salary vs. Hourly and Passive vs. Active Income

  • 1.2.4 Inflation and Value – Over time, money can lose purchasing power due to inflation.

Created by Eytan Grumberg

‹ 1.1: What is Financial Literacy?

1.3: Spending and Life Choices ›