1. Who’s On The Bills?

2. What’s on that dollar bill?

3. THE QUESTION OF THE PENNY

4. Let’s Take A Closer Look….

5. Who should be on the $20?
Women On the 20 Organization
CBS News Report

6.
NY TIMES ARTICLE

7. Back of the new $10:
Treasury building replaced w/ depiction of a 1913 women’s suffrage march that ended at the building, w/portraits of these 5 leaders

8. Back of the new $5:
Lincoln Memorial would remain, but as backdrop for 1939 performance there of Marian Anderson, the African-American classical singerbarred from singing at the segregated Constitution Hall nearby. Sharing space would be images of Eleanor Roosevelt, who arranged Anderson’s Lincoln Memorial performance, and MLK JR. who in 1963 delivered his “I have a dream” speech from its steps.

9. Life Expectancy (Years)
Denomination of Bill
Life Expectancy (Years) $1
5.9 $5
4.9
$10
4.2
$20
7.7
$50
3.7
$100 15

10. Why do we use currency?

11. Why don’t we use gold and silver as currency?

12. 6 Characteristics of Money:
Durability-survives wear & tear
Portability-easy to carry around
Divisibility-can easily make change
Uniformity-two units have same value
Limited supply-just amount in circulation
Acceptability-taken as legal tender by all

13. Medium of Exchange Unit of Measurement Store of Value
3 Functions of Money:
Medium of Exchange
Unit of Measurement
Store of Value

14. Medium of Exchange:
A commodity accepted by common consent as:
1. payment for goods & services
2. settlement of debts & contracts.
Efficient alternative to bartering
Barter- direct exchange of goods & services w/out the use of money.

15. Unit of Measurement:
Common denominator of value of goods & services in which prices are stated & accounts are recorded.
U.S. dollar often used as unit of measurement in international transactions.

16. a means of conserving purchasing power for a future time.
Store of Value:
a means of conserving purchasing power for a future time.

17. Components of Money Supply:
M1 includes:
Physical currency in circulation
demand deposit accounts & checkable money market accounts.
ATMs & checkbooks!
traveler's checks

18. Money Supply Components (M1)
1%Traveler s checks
Other
checkable
deposits
25%
Currency
37%
Demand deposits
37%

19. Near Money:
Liquidity is the degree of ease with which an asset can be converted into money without a significant loss in value.

20. Near Money: Assets w/ a specified monetary value that are readily redeemable as money
M2 - Savings accounts, certificates of deposit, & shares in money market mutual funds.
M2 includes all of M1 too!

21. Near Money: M3 is a measure of the money supply that includes:
large time deposits (CDs).
M3 includes all of M2 and M1 too!

23. Excluded from the Money Supply:
Credit cards- are actually debts/liabilities
US savings bonds
Treasury bonds
Currency held by Federal Reserve, govt, or commercial banks

24. DWIGHT’S MONEY SUPPLY

25. Videos https://www.youtube.com/watch?v=oSI5EvFSMPw
ABC News clip on counterfeiting
Mary Poppins clip on interest

26. Inside America’s Money Vault

27. Inside America’s Money Vault
Part 1:
Part 2:
Part 3:

28. Bitcoin