Answer the following questions?

1. Name and give examples of two of the three functions of money.
2. In your own words, how would you define money?
3. Explain why cattle would not be good to use as money today.
4. One of the characteristics of money is that it is durable. Why is it important that money be durable?
5. How has currency changed over time?
6. How does commodity money differ from fiat money?
7. Describe how money's portability, uniformity, and divisibility have impacted recent purchases you have made.
8. Unlike a cow or tobacco, bills and coins have little or no real value in and of themselves. So, what do you think makes bills and coins valuable?