Module 1

Money: Its Functions and Characteristics

Many people think that the study of economics is all about money – but that is not the case. The job of our economy is primarily to enable the efficient production, distribution, and consumption of goods and services that are wanted by people in our society. The primary job of money is to serve as a tool to help the economy do its job. Therefore, to understand the role of money, we first need to understand the role of an economy.