How well do you know your $?

No visual aids until the end!!!

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1.) Who is on the front of the Dollar Bill?(Feel good question!!!)

2.) Which of the following is located on the back of the Dollar Bill?

A. A Picture of the White HouseB. The words “In God We Trust”C. The Seal of the United StatesD. A and CE. B and C

3.) Where is U.S. coin currency made? Where do they make your change?

A. Washington D.C.B. In a van in C LotC. Denver, COD. Philadelphia, PAE. Atlanta, GA

4.) What percent of our currency is in the form of coins? (Think percent of the total dollar amount.)

A. 9%B. 17%C. 28%D. 36%E. 42%

5.) Bills (paper $) between the value of $1.00 and $100.00 are produced where?

A. Washington D.C.B. Philadelphia, PAC. Denver, COD. Omaha, NEE. Chad Blatchford’s basement

6.) Banks order their currency and coins from?A. CongressB. The Federal ReserveC. The Nations CapitalD. Smaller BanksE. They print it themselves

7.) Which of the following is NOT on the dollar bill?

A. A PyramidB. An EagleC. StarsD. The White House

Check this answer again after #8!!!!!

8.) An Eagle located on the back of the dollar bill holds a ribbon in it’s beak that says “E Pluribus Unum” which means?

A. “Thanks God it’s Friday”B. “In God we Trust”C. “Out of Many One”D. “Let Freedom Ring”E. “Leader Rules”

Use common sense if you have it!!!

9.) Who is on the $5.00 bill?A. Andrew JacksonB. George WashingtonC. Brent ToalsonD. Abe LincolnE. Bill Clinton

10.) What paper currency has the U.S. Capitol building on the back? (Where Congress meets.)

11.) Who is on the $100.00 bill?A. Andrew JacksonB. Abe LincolnC. Ben FranklinD. Eric WittE. George Bush Sr.

12.) The $20.00 has what historic building located on the back?

A. Independence HallB. The Lincoln MemorialC. The White HouseD. The Federal ReserveE. Memorial Stadium

Who am I? My face is on the…

13. Penny14. Nickel15. Dime16. Quarter17. Fifty-Cent Piece

18.) Who is on the $10.00? (Hint: Never a President!!!)

19.) What Federal Reserve district do you live in?(What city is the dist. bank located in?)

20.) Where is the nearest branch office (bank) to where you live.

1.) Who is on the front of the Dollar Bill?(Feel good question!!!) G. Washington

2.) Which of the following is located on the back of the Dollar Bill?

A. A Picture of the White HouseB. The words “In God We Trust”C. The Seal of the United StatesD. A and CE. B and C

3.) Where is U.S. coin currency made? Where do they make your change?

A. Washington D.C.B. In a van in C LotC. Denver, COD. Philadelphia, PAE. Atlanta, GA

4.) What percent of our currency is in the form of coins? (Think percent of the total dollar amount.)

A. 9%B. 17%C. 28%D. 36%E. 42%

5.) Bills (paper $) between the value of $1.00 and $100.00 are produced where?

A. Washington D.C.B. Philadelphia, PAC. Denver, COD. Omaha, NEE. Chad Blatchford’s basement

6.) Banks order their currency and coins from?A. CongressB. The Federal ReserveC. The Nations CapitalD. Smaller BanksE. They print it themselves

7.) Which of the following is NOT on the dollar bill?

A. A PyramidB. An EagleC. StarsD. The White House

Check this answer again after #8!!!!!

8.) An Eagle located on the back of the dollar bill holds a ribbon in it’s beak that says “E Pluribus Unum” which means?

A. “Thanks God it’s Friday”B. “In God we Trust”C. “Out of Many One”D. “Let Freedom Ring”E. “Leader Rules”

Use common sense if you have it!!! Did you have it?

9.) Who is on the $5.00 bill?A. Andrew JacksonB. George WashingtonC. Brent ToalsonD. Abe LincolnE. Bill Clinton

10.) What paper currency has the U.S. Capitol building on the back? (Where Congress meets.)

$50

11.) Who is on the $100.00 bill?A. Andrew JacksonB. Abe LincolnC. Ben FranklinD. Eric WittE. George Bush Sr.

12.) The $20.00 has what historic building located on the back?

A. Independence HallB. The Lincoln MemorialC. The White HouseD. The Federal ReserveE. Memorial Stadium

Who am I? My face is on the…

13. Penny Lincoln14. Nickel Jefferson15. Dime FDR16. Quarter Washington17. Fifty-Cent Piece JFK / Eisenhower

18.) Who is on the $10.00? (Hint: Never a President!!!)A. Hamilton

19.) What Federal Reserve district do you live in?(What city is the dist. bank located in?)Kansas City – If you live in Lincoln!

20.) Where is the nearest branch office (bank) to where you live.

Omaha

Money Notes

Functions / Characteristics / Circulation Money Supply / What backs our $?

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Three Functions of Money:1. Medium of Exchange

*How we trade for G&S!

2. Measure of Value*How we assign value.

3. Store of Value*Change in value?

Characteristics of Money:Stable in Value Easy to Carry*Inflation*Cash / Check / CardDurable Divisible*Clothlike *1 / 5 / 10 / 20 / 100Recognizable Hard to Duplicate*Color of $... *Security Features?

Circulation: How easy is it to get money? Money can have high or low liquidity.

Money Supply: The amount of money in circulation. Categories:M1- Currency + Checking Accounts (Largest)M2- M1 + Savings Dep. Under $100,000.00M3- M2 + Larger SavingsL- All Assets

District Banks:1.Boston (A)2.New York (B)3.Philadelphia (C)4.Cleveland (D)5.Richmond (E)6.Atlanta (F)7.Chicago (G)8.St. Louis (H)9.Minneapolis (I)10.Kansas City (J)11.Dallas (K)12.San Francisco (L)

How much $ do we want in circulation at any given time?The supply of money is the amount that best foster (gets us to) full employment, price stability, and growth.

*4-5% Unemployment*2-3% Inflation*2% GDP

What backs up our money?Gold or Silver? NO! That was abandoned in the 1970’s. Why?

Fiat Money: Fake Money!

Value: Represents Value: A Promise! Purchasing Power: What it gets you…