Social Studies - 2019-20

CE.13f - Government Currency

The student will apply social science skills to understand the role of government in the United States economy by

f) explaining the role of government currency and analyzing the purpose of a money economy.


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

Money is anything that is generally accepted as a method of payment for goods and services.

Money makes it easier to trade, borrow, save, and invest, and to compare the value of goods and services.


ESSENTIALS

When the United States government issues coins and currency, people accept it in exchange for goods and services because they have confidence in the government.


Money acts as a medium of exchange, making trade easier.


Money acts as a store of value, making it easier to save and invest.


Money acts as a measure of value, making it easier to compare the value of goods and services.


The three types of money generally used in the United States are

 coins

 currency

 deposits in bank accounts that can be accessed by checks and debit cards.


KEY VOCABULARY

Updated: May 16, 2018