Instructional Video

Khan Academy: Functions of Money

Curated by ACT

What does money actually do? Economists usually subdivide its functions into three categories: A medium of exchange, a store of value, and a unit of value. This video illustrates these various functions. [6:09]

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Concepts
functions
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Additional Tags
barter economy, medium of exchange, store of value, value of money, khan academy, khan academy: functions of money, double coincidence of wants, unit of value
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...