Hellooo~

hola! This is my blog for AP-Economics! hopefully I can provide you with the needed resources to pass your next test! And hopefully i do a better job than your calculus teacher! :D

Sunday, March 29, 2015

Video respnse

In this video i learned about the types of money and the functions of it. There are three types of money and there are three functions of money. The three types of money are commodity money which has been around the longest, representative money for example the gold and silver standard, and then we have fiat money which is the one we use currently. The three functions are medium of exchange which means exchanging money for goods, store of  value  which is storing money and it still having some sort of value later on, and lastly we have unit of account which means we pay th more value it has. This lady's voice is strange though.

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