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Five Standards of Useful Money Money is anything people generally accept as payment for goods and services. Some people barter goods and services for other
Five Standards of Useful Money Money is anything people generally accept as payment for goods and services. Some people barter goods and services for other goods and services. The problem with this form of traditional barter is that it is not convenient. Most people need some object that they can use to trade goods and services without having to carry the actual items around with them. One solution for this is coins and paper bills. This activity is important because for money to be utilized as payment for goods and services, it must be useful, The goal of this activity is to demonstrate your understanding of what the five standards of useful money are and what each standard means. Instructions: Match the standards of useful money to its correct description. 1. easier to take to market than actual products 2. different values as represented by different-sized coins or bills 3. when everyone agrees on the value of coins and bills 4. when the coins can last for thousands of years 5. when coins are elaborately designed and minted, or paper money made with invisible lines and hidden text
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