{"id":940,"date":"2012-01-15T20:24:58","date_gmt":"2012-01-16T02:24:58","guid":{"rendered":"http:\/\/opengecko.com\/?p=940"},"modified":"2012-01-15T20:24:58","modified_gmt":"2012-01-16T02:24:58","slug":"money-its-characteristics-and-functions","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/money-its-characteristics-and-functions\/","title":{"rendered":"Money &ndash; Its Characteristics and Functions"},"content":{"rendered":"<p><font size=\"3\">Your task is to answer these questions:<\/font><\/p>\n<ul>\n<li><font size=\"3\">What is barter?<\/font><\/li>\n<li><font size=\"3\">Where does barter still occur?<\/font><\/li>\n<li><font size=\"3\">What are three problems with barter?<\/font><\/li>\n<li><font size=\"3\">What are the four main functions of money?<\/font><\/li>\n<li><font size=\"3\">What are the necessary characteristics of money? You should find at least five, but there are more. Give examples to explain each characteristic.<\/font><\/li>\n<\/ul>\n<p><font size=\"3\">Here is mjmfoodie on the topic <strong>but you only really need to watch from 48 seconds in until 3 minutes and six seconds in.<\/strong><\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/DjTs-rjVkB8?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">This video was created over 60 years ago, but is still a good introduction to the topic:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/riqGvq9-ej8\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">This is a well put together animation to show the problems with a barter system:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/82OsCSdOno8\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">This video is also useful, but be careful, it mixes the characteristics up with the functions of money:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/PW72ZnHUBiM?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">Think you\u2019re getting the hang of it? Check this light-hearted approach to the topic:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/J7hNOt2Y0J8?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your task is to answer these questions: What is barter? Where does barter still occur? What are three problems with barter? What are the four main functions of money? What are the necessary characteristics of money? You should find at least five, but there are more. Give examples to explain each characteristic. Here is mjmfoodie&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[280,279],"class_list":["post-940","post","type-post","status-publish","format-standard","hentry","category-economics","category-igcse-economics","tag-individual","tag-money"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=940"}],"version-history":[{"count":1,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/940\/revisions"}],"predecessor-version":[{"id":941,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/940\/revisions\/941"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}