💰 WHAT IS MONEY?
PAGE 1 OF 5 · THREE JOBS MONEY DOES
MONEY IN SIMPLE WORDS
SOMETHING EVERYONE WILL TAKE
Money is what people usually use to pay. It can be metal, paper, or numbers on a screen. Teachers list three jobs. First, medium of exchange: you trade money for bread. You do not need to swap boots for butter. Second, unit of account: tags use one unit so you can compare a haircut and a bus ride. Third, store of value: you can save it for next week when prices stay calm enough.
💡 TINY TRUE FACTS
Some books add a fourth idea for loans.
JOBS
MEDIUM OF EXCHANGE
🤝 SKIP THE DOUBLE MATCH
Barter means direct swap. You need a double match: you have what I want and I have what you want right now. Shared money fixes that puzzle.
UNIT AND STORE
Unit of account is the ruler on price tags. Store of value means it still buys stuff later. If prices run up fast, savings leak. That is inflation, topic three.