{"id":909,"date":"2015-05-01T21:15:28","date_gmt":"2015-05-01T21:15:28","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=909"},"modified":"2015-10-05T20:31:14","modified_gmt":"2015-10-05T20:31:14","slug":"video-what-is-money","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/chapter\/video-what-is-money\/","title":{"raw":"Video: What Is Money?","rendered":"Video: What Is Money?"},"content":{"raw":"<h2>What Is Money?<\/h2>\r\nThe following video defines money from an economist's perspective in a way that goes beyond just the \"functions\" of money. \u00a0The idea of \"coincidence of once\" allows us to exchange our dollars (money) for goods and services when we meet someone (just once) who has something that we want. In essence, beyond the functions of money, this video explains in more depth that <em>how<\/em> we use money really defines what it is and is not.\r\n\r\nhttps:\/\/www.youtube.com\/watch?v=lQFxbNNk7iQ&amp;feature=youtu.be\r\n\r\n&nbsp;\r\n<h2>Check Your Understanding<\/h2>\r\nAnswer the question(s) below to see how well you understand the topics covered in this section. This short quiz does <strong>not<\/strong> count toward your grade in the class, and you can retake it an unlimited number of times.\r\n\r\nUse this quiz to check your understanding and decide whether to (1) study the previous section further or (2) move on to the next section.\r\n\r\nhttps:\/\/assessments.lumenlearning.com\/assessments\/169","rendered":"<h2>What Is Money?<\/h2>\n<p>The following video defines money from an economist&#8217;s perspective in a way that goes beyond just the &#8220;functions&#8221; of money. \u00a0The idea of &#8220;coincidence of once&#8221; allows us to exchange our dollars (money) for goods and services when we meet someone (just once) who has something that we want. In essence, beyond the functions of money, this video explains in more depth that <em>how<\/em> we use money really defines what it is and is not.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Money: An Economist&#39;s Perspective - What is Money? (Part 1)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/lQFxbNNk7iQ?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h2>Check Your Understanding<\/h2>\n<p>Answer the question(s) below to see how well you understand the topics covered in this section. This short quiz does <strong>not<\/strong> count toward your grade in the class, and you can retake it an unlimited number of times.<\/p>\n<p>Use this quiz to check your understanding and decide whether to (1) study the previous section further or (2) move on to the next section.<\/p>\n<p>\t<iframe id=\"lumen_assessment_169\" class=\"resizable\" src=\"https:\/\/assessments.lumenlearning.com\/assessments\/load?assessment_id=169&#38;embed=1&#38;external_user_id=&#38;external_context_id=&#38;iframe_resize_id=lumen_assessment_169\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:400px;\"><br \/>\n\t<\/iframe><\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-909\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">All rights reserved content<\/div><ul class=\"citation-list\"><li>Money: An Economist&#039;s Perspective - What is Money? (Part 1). <strong>Authored by<\/strong>: AtlandaFed. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/youtu.be\/lQFxbNNk7iQ\">https:\/\/youtu.be\/lQFxbNNk7iQ<\/a>. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube license<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":78,"menu_order":4,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Money: An Economist\\'s Perspective - What is Money? 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