Accounting and Finance Foundations

Unit 3

Accounting and Finance Foundations Unit 3: The Role of Money 169

The Role of Money Student Assignment

Conclusion:

1. Share your vision of “future money” with the rest of your class. What components are included in
   your “future money” design? Is your money durable, and will it last? Can your money be broken
   down into smaller units?


2. How has money changed over time? List some types of money that are no longer used. Why not?


3. Would it be easier to make money out of tissue paper or metal? Why is money often made out
   of metal?

Assessment Activity:

1. How has money in the U.S. changed? Visit the University of Notre Dame Libraries’ Coin and Currency
   Collections at http://www.coins.nd.edu. Click on “Colonial Currency,” and then choose a state to
   see how money has changed over time in that state. Compare old paper currency with paper money.
   Have each student or group of students develop a Venn diagram showing the similarities and differ-
   ences between old and new paper money.


2. List, verbally or in writing, three ways in which money has changed over time.


3. Which would you prefer—money made of metal or money made of orange peels?
   Defend your choice.

Chapter 6

Introduction: The Changing Face of Money (cont’d)