G9 T3 The Evolution and Functions of Money Lesson 1 2026

• Business Studies
• Secondary Education

The Evolution and Functions of Money

Friday, 

27th March 2026

1. To understand how money started.

2. To be able to list the benefits and functions of money.

Can money buy happiness?

Yes

No

Complete the sentence:

Money allows us to ...

 

Question

How did people buy things before we had money? 

Watch the video and make notes on the questions:

1. What is the word mentioned in the video that starts with the letter "B"?

2. What are examples of medium of exchange? 

Watch the video and make notes on the questions:

1. What is the word mentioned in the video that starts with the letter "B"?

2. What are examples of medium of exchange? 

Medium of Exchange

Mediums of Exchange

Match the different mediums of exchange.

wordwall.net

What are the functions of money? 

Functions

Functions

Functions

Functions

Functions

Complete the LMS Activity 1.3 

What is bartering?

1. to exchange one good /service for another
2. to pay money for a good or service
3. to pay later

A bakery in Ajman sells cakes. Customers give money, and the bakery gives them cakes in return.

What is the function of money in this situation?

1. assigning prices
2. delaying payments
3. increasing wealth
4. medium of exchange

Alya started a cafe. She buys two new laptops from a store in Sharjah. She cannot pay all the money now, so she agrees to pay 200 AED every month for 5 months.

What is the function of money in this situation?

1. assigning prices
2. medium of exchange
3. delaying payments
4. increasing wealth

A small clothing shop in Dubai sells abayas. The shop owner puts a price tag of 150 AED on each abaya so customers know how much to pay.

What is the function of money in this situation?

1. assigning prices
2. medium of exchange
3. delaying payments
4. increasing wealth