{"id":2860,"date":"2023-02-19T16:10:56","date_gmt":"2023-02-19T16:10:56","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-4-1-all-about-money\/"},"modified":"2024-12-09T18:22:49","modified_gmt":"2024-12-09T18:22:49","slug":"fresh-take-4-1-all-about-money","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-4-1-all-about-money\/","title":{"raw":"Fresh Take 4.1: All About Money","rendered":"Fresh Take 4.1: All About Money"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain what money is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain what money is<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain why money is important&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain why money is important<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify alternatives to traditional currency&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify alternatives to traditional currency<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>What Is Money?<\/h2>\r\n<p><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9475107&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=btZ43QLlj40&amp;video_target=tpm-plugin-rollk0gp-btZ43QLlj40\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatIsMoney.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is Money?\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<h2>Alternative Currencies<\/h2>\r\n<h3>Cryptocurrency<\/h3>\r\n<p><script type=\"text\/javascript\" src=\"https:\/\/www.youtube.com\/iframe_api \"><\/script><\/p>\r\n<p class=\"cc-media-iframe-container\"><iframe id=\"tpm-plugin-cfhcggec-SzAuB2FG79A\" class=\"cc-media-iframe\" src=\"https:\/\/www.youtube.com\/embed\/SzAuB2FG79A?enablejsapi=1 \" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\r\n<div id=\"3p-plugin-target-cfhcggec-SzAuB2FG79A\" class=\"p3sdk-target\">\u00a0<\/div>\r\n<p class=\"cc-media-iframe-container\"><script type='text\/javascript' src='\/\/plugin.3playmedia.com\/ajax.js?cc=1&cc_minimizable=1&cc_minimize_on_load=0&cc_multi_text_track=0&cc_overlay=1&cc_searchable=0&embed=ajax&mf=12812097&p3sdk_version=1.11.7&p=20361&player_type=youtube&plugin_skin=dark&target=3p-plugin-target-cfhcggec-SzAuB2FG79A&vembed=0&video_id=SzAuB2FG79A&video_target=tpm-plugin-cfhcggec-SzAuB2FG79A'><\/script><\/p>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/Bitcoin+explained.+How+do+cryptocurrencies+work_transcript.txt\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cBitcoin Explained: How do Cryptocurrencies work?\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<h3>Mobile Commerce<\/h3>\r\n<p>Note that this video uses the terms electronic wallet and mobile wallet interchangeably.<\/p>\r\n<p><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9475109&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=acrKEizHlXI&amp;video_target=tpm-plugin-fxncitj5-acrKEizHlXI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatsAnElectronicWallet.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat's an Electronic wallet?\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<h3>Regionally-Backed Currency<\/h3>\r\n<p>This video highlights a regional currency that the city of Stonecrest in DeKalb County, Georgia is planning to implement.<\/p>\r\n<p>https:\/\/youtu.be\/OrshWl1VL_w<\/p>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/DeKalbCountycommunitycreatingtheirowncurrency.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cDeKalb County community creating their own currency\u201d here (opens in new window).<\/span><\/a><\/p>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain what money is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain what money is<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain why money is important&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain why money is important<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify alternatives to traditional currency&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify alternatives to traditional currency<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>What Is Money?<\/h2>\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9475107&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=btZ43QLlj40&amp;video_target=tpm-plugin-rollk0gp-btZ43QLlj40\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatIsMoney.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is Money?\u201d here (opens in new window).<\/span><\/a><\/p>\n<h2>Alternative Currencies<\/h2>\n<h3>Cryptocurrency<\/h3>\n<p><script type=\"text\/javascript\" src=\"https:\/\/www.youtube.com\/iframe_api\"><\/script><\/p>\n<p class=\"cc-media-iframe-container\"><iframe id=\"tpm-plugin-cfhcggec-SzAuB2FG79A\" class=\"cc-media-iframe\" src=\"https:\/\/www.youtube.com\/embed\/SzAuB2FG79A?enablejsapi=1\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<div id=\"3p-plugin-target-cfhcggec-SzAuB2FG79A\" class=\"p3sdk-target\">\u00a0<\/div>\n<p class=\"cc-media-iframe-container\"><script type=\"text\/javascript\" src=\"\/\/plugin.3playmedia.com\/ajax.js?cc=1&#38;cc_minimizable=1&#38;cc_minimize_on_load=0&#38;cc_multi_text_track=0&#38;cc_overlay=1&#38;cc_searchable=0&#38;embed=ajax&#38;mf=12812097&#38;p3sdk_version=1.11.7&#38;p=20361&#38;player_type=youtube&#38;plugin_skin=dark&#38;target=3p-plugin-target-cfhcggec-SzAuB2FG79A&#38;vembed=0&#38;video_id=SzAuB2FG79A&#38;video_target=tpm-plugin-cfhcggec-SzAuB2FG79A\"><\/script><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/Bitcoin+explained.+How+do+cryptocurrencies+work_transcript.txt\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cBitcoin Explained: How do Cryptocurrencies work?\u201d here (opens in new window).<\/span><\/a><\/p>\n<h3>Mobile Commerce<\/h3>\n<p>Note that this video uses the terms electronic wallet and mobile wallet interchangeably.<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9475109&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=acrKEizHlXI&amp;video_target=tpm-plugin-fxncitj5-acrKEizHlXI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatsAnElectronicWallet.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat&#8217;s an Electronic wallet?\u201d here (opens in new window).<\/span><\/a><\/p>\n<h3>Regionally-Backed Currency<\/h3>\n<p>This video highlights a regional currency that the city of Stonecrest in DeKalb County, Georgia is planning to implement.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"DeKalb County community creating their own currency | Here&#39;s how it works\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/OrshWl1VL_w?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/DeKalbCountycommunitycreatingtheirowncurrency.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cDeKalb County community creating their own currency\u201d here (opens in new window).<\/span><\/a><\/p>\n","protected":false},"author":21,"menu_order":7,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"What is Money?\",\"author\":\"GCFLearnFree\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?v=btZ43QLlj40\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"},{\"type\":\"copyrighted_video\",\"description\":\"What is Cryptocurrency? 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