Means of Exchange
Storyboard Text
- Exchanging money is also called the Bartering System, The bartering system is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.
- May I get some Chips? See I'm buying chips that may be 5.00
- Wow! Money is really handy! and also needed
- I am buying dinner for tonight, and I'm giving them a check as payment, Checks are really handy because it provides you extra security when transferring money
- Thanks for the payment!
- Humph, people don't even need checks!
- Debit cards lets you spend money from your checking account without writing a check, one positive thing about debit cards is that they are quick and easy to use
- I know right, debit cards are so much easier to transfer and use, than writing and transferring a check
- You need an ATM to make transactions for yourself and others, PINS are what you need to make sure your transaction is "Safe" PINS are four digit numbers designed for you as a "password" to make sure it's you that's getting the money or sending the money, instead of a robber or thief
- ATM's AKA "Automated Teller Machine" is a machine that allows people to complete basic transactions
- MAJOR FOODS
- Credit card got money from interest
- You would use a credit card to give yourself a line of credit to make purchases
- Hi I would like to have a loan to buy a new house
- Heh, Yeah the reason I have a bad credit score is because...
- The Reason is because you did not pay a bill
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