https://padlet.com/tanaholmes11/wscom1rb7kut3fuc Assignment #2 Montana Holmes en-us 2022-04-14 13:27:03 UTC 2025-04-10 18:51:22 UTC hello@padlet.com https://padlet.net/icons/png/1f4b5.png tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143876516 2022-04-14 13:32:46 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143876516 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143897838 In this Padlet wall we are exploring the functions of money! The main focus being the Canadian dollar and how its functions tie into the economy. Through websites, videos and images you can expect to expand your knowledge on what changes the value of the Canadian dollar, how functions of the Canadian impact you, and how the foreign exchange market determines the rate of a Canadian dollar. Along with expanding on some of the basic functions of money. ]]> 2022-04-14 13:50:12 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143897838 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143933458 This book outlines the principles of economics, chapter 27 focuses on defining money by its functions. The learning objective for this chapter highlights the ability to explain the 4 standard functions of money. The 4 functions being; a medium of exchange, store of value, unit of account, and standard of deferred payment.
I selected this website as it provides the key functions of money, further expanding on what those functions include. The information provided in this website is useful to gain a basic understand of the functions of money and how money has progressed to become an influential component in the Canadian economy.

]]> 2022-04-14 14:17:46 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2143933458 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144068423 This website looks at what determines exchange rate of the Canadian dollar. Identifying factors that increase or decrease the value of the Canadian dollar and how. Along with an explanation on recent fluctuations in value of the Canadian dollar.  
I included this website in my function of money Padlet as it is essential to recognize the influencing factors that determine our currencies value, along with understanding why these factors appreciate or depreciate the value of any given currency. ]]> 2022-04-14 16:04:36 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144068423 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144081047 This website from the Bank of Canada aims to help people understand exchange rates. Acknowledging Canadas Floating exchange rate system, in correspondence supply and demand determine the exchange rate. Listing pros and cons associated with the appreciating/ depreciating dollar value. 
Bank of Canada accurately depicts exchange rates and how they directly relate to roles in the economy. The information in the website provides insight to those looking to expand their knowledge of how exchange rates can impact an individual as well as the rest of the economy. I found the negatives and positives listed with a stronger and weaker dollar to be extremely beneficial to those who may not have a in depth understanding of economics and wish to enhance their understandings of the roles they play in the economy along with how it impacts ones self. ]]> 2022-04-14 16:16:13 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144081047 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144225898 Forex webpage depicts the Canadian economics and strategy. Including graphs on Canadian-U.S. exchange rates, as well as prospective on inflation, Real GDP, and Canada-U.S. spread on 2 year Treasuries.
This website brings perspective on what value the Canadian dollar currently holds are what can be expected. This information is useful to those who are interested in how the foreign exchange market determines exchange rates. ]]> 2022-04-14 18:28:32 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144225898 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144309061 This video lists the 4 basic functions of money: A medium of exchange, a store of value, a unit of account, a standard of deferred payment. The video expands on those functions using real life scenarios to show how functions of money have accelerated todays economy. 
I selected this video as it covers the basic functions of money. It provides key knowledge on how money is used in the markets through consumers and producers, goods and services. ]]> 2022-04-14 20:00:27 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144309061 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144431890 This video made by Bank of Canada, briefly speaks on the exchange fund account. Along with how the banks will use exchange fund accounts to intervene when protecting/ controlling the value of the Canadian dollar. 
This video was chosen for my function of money Padlet as I believe the use of exchange funds directly impacts the Canadian dollar and represents how foreign currencies help the value of the Canadian dollar from falling or rising too quickly. ]]> 2022-04-14 23:43:03 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144431890 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144442347 In this Bank of Canada video, the focus is CPI and inflation over time. The information is directed towards inflation and how it impacts the cost of living. therefore introducing inflation targeting, keeping inflation low and stable. 
I chose to include this video as it provides useful information on inflation targeting and how low and stable rates means prices rise slowly. Valuable information for Canadians to plan and prepare for inflation becoming more confident when spending and saving. ]]> 2022-04-15 00:03:36 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144442347 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144467191 This video mentions countless facts about the Canadian dollar and how it ties into the exchange market as an essential commodity producer. Along with factors that impact exchange rates, and how the value of the Canadian dollar can effect the economic health of the U.S.
I saw this video as valuable to my Padlet as it expands on how the function of the Canadian dollar does not only impact the Canadian markets and economy but the U.S. economy, as it accounts for more than 50% of Canadas exports. This video also mentions how oil and commodities impact the value of the Canadian dollar on the forex market. ]]> 2022-04-15 00:37:09 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144467191 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144483664 This graph shows expected inflation, which can determine expectations for real interest rates impacting monetary policy. A main reason of why there is a perception measurement gap include measurement factors such as: CPI basket weights representativeness, Quality adjustment, and cost of housing vs. cost of houses. ]]> 2022-04-15 00:59:26 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144483664 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144492168 Inflation rates based on household group is shown in this chart. Lower-income households experienced less inflation than higher-income households, this includes renters instead of homeowners and households with no university degree. ]]> 2022-04-15 01:09:54 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144492168 tanaholmes11 https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144505937 What did you learn about functions of money that surprised you?
- I was surprised to learn just how much the Canadian dollar can effect the U.S. economy. The currencies can impact each other as the U.S. amounts to over 50% of Canadas exports!

Provide a real-life example of how functions of money is relevant or interesting.
- The function of money is relevant in every persons daily life. As a Canadian it is very important to understand how the Canadian dollar functions and what factors can impact function of the currency, you as a consumer hold. How those impacts in value to the dollar impact us as individuals, households and businesses. 

What is the most notable information you could pass on from your findings? 
- The pros and cons associated with a stroller or weaker Canadian dollar. A stormer dollar is a positive for those who ned imports or are travelling abroad however, it is negative for those who business depends on exports or people travelling to Canada. ]]> 2022-04-15 01:26:08 UTC https://padlet.com/tanaholmes11/wscom1rb7kut3fuc/wish/2144505937