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What is Money

Chapter 14
Handbook of Research on Integrating Digital Technology With Literacy Pedagogies
A method of trade used to pay for goods and services and to measure the value of things.
Published in Chapter:
Mathematical Literacy and Young Children: Incorporating Technology in the Early Childhood Classroom
Ann H. Wallace (James Madison University, USA) and D. Reece Wilson (James Madison University, USA)
Copyright: © 2020 |Pages: 32
DOI: 10.4018/978-1-7998-0246-4.ch014
Abstract
This chapter focuses on three web-based applications and describes how each may be used to promote mathematical literacy in developmentally appropriate ways. The web-based applications described in this chapter are a selection of those provided at no cost by The Math Learning Center. The Number Rack Application is a calculating frame composed of 2 rows of 10 beads each. The rows of movable, colored beads encourage learners to think in groups of fives and tens, helping them to explore and discover a variety of addition and subtraction strategies. The Number Line Application helps students visualize number sequences and illustrate strategies for counting, comparing, adding, subtracting, multiplying, and dividing. The Money Pieces Application helps students visualize and understand money values and relationships. The strategy of Number Talks is used to promote mathematical literacy using these applications. A Number Talk is a short, ongoing daily routine with a focus on mental math strategies that provides students with meaningful practice with computation.
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Chapter 2
The Restructuring of the Financial System in the 21st century
Is an asset generally accepted for payment of goods and services or for payment of debts. Money distinguishes from currency, once money is a general concept that includes currency; and currency represents the fiduciary money of notes and coins.
Published in Chapter: The Restructuring of the Financial System in the 21st century; From: Handbook of Research on Corporate Restructuring and Globalization
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Chapter 3
Counterfeiting Money and Anti-Counterfeit Measures: The Historical Case of the Ottoman Empire
It has played a vital role in the economic field since its invention. Money is made of certain metals and papers, carries certain symbols, and comes in assorted colors.
Published in Chapter: Counterfeiting Money and Anti-Counterfeit Measures: The Historical Case of the Ottoman Empire; From: Concepts, Cases, and Regulations in Financial Fraud and Corruption
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Chapter 11
What Economics Can Learn From Ontology: Toward an Interdisciplinary Reconciliation
(a) In macroeconomics, money has been understood in terms of a classification of institutionalized currency that starts from the most liquid forms (M1) to broad money (M2, M3, or M4, depending on the practice) for the purposes of measuring the money supply for monetary policy considerations. (b) In economics and common-sense knowledge by ordinary users, money is the most efficient medium for exchange. In its institutionalized form, money is understood as being equivalent to the currency in a nation. More generally, money has taken many forms from shells, cigarettes, stamps, baseball cards, etc., and, more recently, cryptocurrencies.
Published in Chapter: What Economics Can Learn From Ontology: Toward an Interdisciplinary Reconciliation; From: Examining the Relationship Between Economics and Philosophy
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Chapter 17
Understanding Chaos as an Indicator of Economic Stability
A medium of exchange that has an intrinsic value on its own, other than a medium of exchange.
Published in Chapter: Understanding Chaos as an Indicator of Economic Stability; From: Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
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Chapter 7
The Money as the Necessary Link Between Micro and Macro Levels
Money is viewed a medium of exchange that market participants use to engage in transactions for goods and services. The other functions the money is supposed to fulfil are the unit of account, the standard of differed payments and the store of value.
Published in Chapter: The Money as the Necessary Link Between Micro and Macro Levels; From: Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth
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