Monetary System

Monetary System
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Storyboard Text

  • Hello! My name is David and today I'm going to be telling about the monetary unit.
  • Bank
  • The monetary unit is the means of money. It is how we store and exchange in the U.S. Let us take a look at the characteristics of money.
  • Commodity money is money that has value from the products in which it is made. For example gold Spanish coins or silver Mexican dollars.
  • Representative money is objects that have value and are exchanged for goods such as gold, silver, tabacco and grains.
  • Fiat money is money that the government that gives value to the money.
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