Money Score
Teaches: Money | 7 min | You need: Nothing!
What you will learn
Good money needs to be easy to split, carry, and keep. And it must be hard to make more.
Steps
- 1
Pick any object near you (a coin, a leaf, a stone, a piece of fruit, a piece of paper).
- 2
Score it from 1 to 5 on each of these: Can you split it into smaller pieces? (Divisible)
- 3
Can you carry 100 of them? (Portable)
- 4
Will it last a whole year without breaking or rotting? (Durable)
- 5
Is it hard to find or make more? (Scarce)
- 6
Can everyone tell it is real? (Recognisable)
- 7
Is each one the same as any other? (Fungible)
- 8
Add up the score. The highest score wins! Now try with a different object.
What you learned
Good money scores high on all 6 properties. Gold does well. Bananas do not. Bitcoin scores highest of all.
Play with others?
Each person picks a different object. Everyone scores them on the 6 properties. Compare results. Who found the best money?