Imagine that you had to explain money and financial systems to someone who had never heard of it and was not sure what it is for. Create a presentation using presentation software that covers the following basic elements of money and monetary systems. Be sure to use appropriate visual elements and that any writing is easy to read and free of mechanical errors. Your presentation should cover these points: Money and currency (bills, coins, bonds, notes, and bills) Forms of financial exchange (cash, credit cards, electronic transfer, debit card) and pros and cons of each An example of a situation when each of the forms of money, currency, and financial exchange would be used. The functions of money and how one of the forms of money other than cash meets these functions
Title: Introduction to Money and Financial Systems
Slide 1: Money and Currency
- Money is a medium of exchange used to facilitate transactions
- Currency includes bills, coins, bonds, notes, and bills
- Visual: Images of different forms of currency
Slide 2: Forms of Financial Exchange
- Cash: Physical money that can be used for purchases
- Credit Cards: Plastic cards that allow for purchases on credit
- Electronic Transfer: Sending money electronically between accounts
- Debit Card: Plastic card that deducts funds directly from a bank account
- Pros and Cons of each form of exchange
- Cash: Pro - widely accepted, Con - easier to lose
- Credit Cards: Pro - convenient, Con - interest charges
- Electronic Transfer: Pro - quick and easy, Con - potential security risks
- Debit Card: Pro - limits spending to available funds, Con - fees for overdrafts
Slide 3: Examples of Situations for Each Form of Money and Exchange
- Cash: Buying a cup of coffee at a café
- Credit Cards: Purchasing a new gadget online
- Electronic Transfer: Paying for rent or bills online
- Debit Card: Withdrawing money from an ATM
Slide 4: Functions of Money
- Medium of Exchange: Allows goods and services to be traded
- Unit of Account: Provides a standard measure of value
- Store of Value: Can be saved and used for future purchases
- Other functions of money: Standard of deferred payment, transfer of value, economic indicator
Slide 5: How Forms of Money Meet Functions
- Example: Debit Card as a Medium of Exchange
- Debit cards can be used to make purchases, facilitating transactions
- Funds are deducted directly from the cardholder's bank account, acting as a medium of exchange
- Debit cards also serve as a unit of account by providing a record of transactions
Slide 6: Conclusion
- Money and financial systems are essential for facilitating transactions and economic activity
- Different forms of money and exchange offer various advantages and disadvantages
- Understanding these concepts helps individuals navigate the modern financial world effectively
Thank you for your attention!
[End of presentation]