Question 1: What is Money?
Question 2: Why is money valuable?
Question 3: When was the invention of the U.S. dollar?
Question 4: What are the four functions of Money? Explain each.
Question 5: Money has taken a wide variety of forms in different cultures. Name six forms of money used by people.
Question 6: By government decree, if you owe a debt, then legally speaking, you can pay that debt with the U.S. currency, even though it is not backed by a commodity. The only backing of our money is what?
Question 7: When was the first bank note issued in Sweden?
Question 8: What is Bartering?
Question 9: Why do we study money, banking and financial markets?
Question 10: Contrast commodity money and fiat money