This is part of a collection of definitions on Financial Literacy. This defines the term money.
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Algebra >> Expressions, Equations, and Inequalities >> Numerical and Algebraic Expressions

Definition--Financial Literacy--Money

Money

Money

Topic

Financial Literacy

Definition

Money is a medium of exchange that allows people to trade goods and services efficiently.

Description

Money is foundational to modern economies, facilitating transactions and measuring value. Understanding the concept of money helps individuals comprehend its role in everyday life and financial systems. In real-world applications, money is used to price goods, pay for services, and store value. In math education, money introduces students to basic arithmetic, currency conversion, and economic principles. A teacher might explain, "Money is what we use to buy things and pay for services, making it easier to trade than bartering."

Money
Money is used to buy goods and services.

For a complete collection of terms related to Financial Literacy click on this link: Financial Literacy Collection.

Common Core Standards CCSS.MATH.CONTENT.HSA.CED.A.1
Grade Range 8 - 10
Curriculum Nodes Algebra
    • Expressions, Equations, and Inequalities
        • Numerical and Algebraic Expressions
Copyright Year 2023
Keywords financial literacy, money, currency