Chapter 1 Money moves around lesson 5 for 3thp

• Economie
• Middelbare school
• havo
• Leerjaar 3

What are we going to do today?

• Remember last week?
• Let's have a look at todays homework
• Learning goals
• Theory section 1.3 second part
• Let's do some calculating
• Work on the assignments
• Did we meet our learning goals?
  

Swapping (trading) goods and services without the use of money is called.

1. Indirect exchange
2. Direct exchange trade or barter

Money has three functions. When we use it to represent the value of a product it is?

1. exchange
2. unit of account
3. store of value

Which answer is not a technical requirement for a medium of exchange?

1. it has to be portable
2. it has to be divisable
3. it has to be perishable
4. it has to be hard to produce

Money in the form of banknotes and coins is called?

1. chartal money
2. checkable money
3. intrinsic money
4. extrinsic money

The value of what money is made of (paper or metal) is called?

1. extrinsic value
2. intrinsic value

Learning goals

• You can explain the concept of purchasing power
• You can explain the concept of inflation
  
• You can calculate a percentage change
• You can calculate the purchasing power index number
  

Why was everthing so cheap in the old days?

Calculation percentage change

To calculate a percentage change, use the

following formula:

(new value - old value) : old value x 100

This year a frikandelbroodje costs € 0,89. A year ago it was 

€ 0,79. Calculate the percentage change.

Take the next 10 minutes to work on assignment 40, 41, 42 and 43

Continue working on your homework for next week.

Finish section 4.3 (so up and including assignment 46.

Finish early?

Need more practise? Have a look at the revision assignments.

Problems with calculations? Do some math assignments.

Need more challanges? Go to the in-depth assignment.

Remember our learning goals?

• You can explain the concept of purchasing power 
• You can explain the concept of inflation 
• You can calculate a percentage change 
• You can calculate the purchasing power index number