1. Money What is money? A medium of exchange
Anything generally accepted as method of payment (coins, paper currency, deposits in bank accounts)
Printed or coined money is called currency or Federal Reserve Notes

2. Currency Why use currency? Currency is easily counted
Currency is durable
Currency is easy to carry
Currency can be easily controlled

3. Money in the economy
Who uses money?
Everyone

4. The Government and Money
Why does the government issue currency and coins?
To create an easy way to pay for goods and services.
people accept currency in exchange for goods and services because they have confidence in the government.

5. The Government and Money
Expressed power in the US Constitution says the legislative branch decides how money is made.
The Federal Reserve System controls the value of money
The Federal reserve also regulates banks and is the bank of the national government
The Bureau of Engraving and Printing is in charge of printing currency
The National Mint coins money
The National Treasury is in charge of the Bureau of Engraving and Printing and the National Mint
Which government agencies are responsible for creating money?