Jody loved Uncle Mort. When Mort died, she missed him. It was only five years ago...

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Jody loved Uncle Mort. When Mort died, she missed him. It was only five years ago that Uncle Mort had bought a home two blocks away from her home. She visited him every day just to enjoy his company and to help him remember where things were. He was forgetful about everything except Jody. He forgot where he left his car keys, his eyeglasses, or the TV remote, but forgetting about money was the really big problem. He always left cash around the house. Jody would find dollar bills scattered around the house and give them back to Uncle Mort. "You should put this money in a safe place, Uncle Mort," she would say. Uncle Mort would reply, "Jody, there is no safe place for money." Uncle Mort could not travel much. His lungs were bad. Jody asked her father why Uncle Mort had such health problems and why he was so forgetful. "It's probably a result of the blow to the head he received in the Honduras demon- strations," Jody's father explained. "Your Uncle Mort has lived an interesting life. He was a brilliant student who dropped out of college to write educational software for schools. His specialty was economic fables and myths which became classics both in the computer software field and in children's literature. He retired early-a wealthy man determined to help people in poor countries. For 20 years he worked in Latin America, helping farmers in Honduras and Colombia switch to profitable crops other than bananas and cocaine. Later he helped Brazilian Indian tribes sell Rain Forest products, before moving on to encourage Chinese government workers to set up their own businesses. In each country he got into trouble with authorities who didn't like the changes. This trouble resulted in an occasional beating or prison stay, but he avoided even more trouble because he always carried cash, U.S. dollars. He used the money to pay people not to harm the poor people he worked with. He always carried U.S. dollars, and he never used banks. After Uncle Mort's death, Jody helped her father clean up Uncle Mort's home and prepare it for sale. It was at that time she found out about Uncle Mort's will. According to Dad, Uncle Mort left all his belongings to his brother, Jody's father, except for the money in the house. Any money found in the house was Jody's to use as she wished. In his will, Uncle Mort asked her to find a safe place for the money. It took Jody and her father two days to clean Mort's house completely. As they cleaned, they kept finding money in different places-$100 in the cupboard, $10 in the cookie jar, a bag of coins in the toilet tank. But the real discovery came when they took the mattress off the bed. Money fell out of a slit in the bottom of the mattress. When they gathered it all up, and added it together with the other money found earlier, the total came to $100,000. "Well, Jody," her father asked, "what is the safe place where you are going to put the money?" the natives. Discuss the potential ou can choose costs and benefits of each. Costs Benefits Buy five expensive Ford Mustangs, one for each school day of the week. Put the money in a bank savings account. Invest the money in IBM stock. Put the money in Jody's mattress. Jody loved Uncle Mort. When Mort died, she missed him. It was only five years ago that Uncle Mort had bought a home two blocks away from her home. She visited him every day just to enjoy his company and to help him remember where things were. He was forgetful about everything except Jody. He forgot where he left his car keys, his eyeglasses, or the TV remote, but forgetting about money was the really big problem. He always left cash around the house. Jody would find dollar bills scattered around the house and give them back to Uncle Mort. "You should put this money in a safe place, Uncle Mort," she would say. Uncle Mort would reply, "Jody, there is no safe place for money." Uncle Mort could not travel much. His lungs were bad. Jody asked her father why Uncle Mort had such health problems and why he was so forgetful. "It's probably a result of the blow to the head he received in the Honduras demon- strations," Jody's father explained. "Your Uncle Mort has lived an interesting life. He was a brilliant student who dropped out of college to write educational software for schools. His specialty was economic fables and myths which became classics both in the computer software field and in children's literature. He retired early-a wealthy man determined to help people in poor countries. For 20 years he worked in Latin America, helping farmers in Honduras and Colombia switch to profitable crops other than bananas and cocaine. Later he helped Brazilian Indian tribes sell Rain Forest products, before moving on to encourage Chinese government workers to set up their own businesses. In each country he got into trouble with authorities who didn't like the changes. This trouble resulted in an occasional beating or prison stay, but he avoided even more trouble because he always carried cash, U.S. dollars. He used the money to pay people not to harm the poor people he worked with. He always carried U.S. dollars, and he never used banks. After Uncle Mort's death, Jody helped her father clean up Uncle Mort's home and prepare it for sale. It was at that time she found out about Uncle Mort's will. According to Dad, Uncle Mort left all his belongings to his brother, Jody's father, except for the money in the house. Any money found in the house was Jody's to use as she wished. In his will, Uncle Mort asked her to find a safe place for the money. It took Jody and her father two days to clean Mort's house completely. As they cleaned, they kept finding money in different places-$100 in the cupboard, $10 in the cookie jar, a bag of coins in the toilet tank. But the real discovery came when they took the mattress off the bed. Money fell out of a slit in the bottom of the mattress. When they gathered it all up, and added it together with the other money found earlier, the total came to $100,000. "Well, Jody," her father asked, "what is the safe place where you are going to put the money?" the natives. Discuss the potential ou can choose costs and benefits of each. Costs Benefits Buy five expensive Ford Mustangs, one for each school day of the week. Put the money in a bank savings account. Invest the money in IBM stock. Put the money in Jody's mattress.