Good class this afternoon. I hope that it was beneficial for a review time. Use the terms that were on the board and make some good study notes for yourself. IF you get those concepts under your belt you will do fine on your final. The final will be weighted. IT will count a third of your grade, your paper will be a third, and homework will be a third.
Here are the items that were on the board (minus the definitions) just in case you left one off or didn't get them all ;0)
business
clad coins
fine silver
base metal
tokens
precious metal
coin
double-digit inflation
Law of economics
TANSTAAFL
Tax
taxing
counterfeiting
clipping
denarius
reeded
mint
debasing
Gresham's Law
circulation
law of supply and demand
inflation
supply of moneymoney
characteristics of good money
hallmark
thaler
money warehouse
bank
banknote
Federal Reserve Note
Silver Certificate
legal tender law
legal tender statement
wages
wage/price spiral
wage/price controls (Roman farmers - what did they do)
black market and examples
runaway inflation
depression
recession
business cycle
deflation
demand for money or money demand
velocity
bezant (from Byzantine Empire)
Happy Studying!!!!!
Love, Ms. Debi
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