HS Econ with Fin Lit Organizing Principle 4

Organizing Principle 4: Understand the role of money, the money supply, and the price system in a market Pacing 6 days

economy (Unit 4).

Measurement Curriculum Standards Benchmarks Academic Language
Topics SS.912.E.1.13
1. Money
Money, 1. Explain the basic functions and characteristics of money, and describe the composition of SS.912.E.2.10 2. Medium of exchange
SS.912.FL.3.5 3. Unit of account
Banking and the money supply in the United States. SS.912.FL.5.12 4. Store of value
5. Currency
Finance Learning Targets: 6. Commodity money
7. Representative money
• Students will describe the functions and characteristics of money. 8. Fiat money
9. Central bank
• Students will distinguish between commodity money and fiat money. 10. Member bank
11. Federal Reserve System
• Students will identify the composition of the money supply. 12. Federal Deposit Insurance

• Students will identify different measures of the U.S. money supply (M1, M2). Corporation (FDIC)
13. Money supply
• Examples may include, but are not limited to, central banks, fiat money, near money, 14. M1
15. M2
representative money, credit cards, debit cards, liquidity, demand deposits, checks, and 16. Liquidity
electronic banking. 17. Demand deposit
18. Required reserve ratio
2. Describe the organization and functions of the Federal Reserve System. 19. Default
20. Mortgage
3. Government agencies supervise and regulate financial institutions to help protect the 21. Financial system
22. Financial intermediary
safety, soundness, and legal compliance of the nation’s banking and financial system. 23. Commercial bank
24. Credit union
4. The Security and Exchange Commission (SEC), the Federal Reserve, and other government 25. Barter
26. Near money
agencies regulate financial markets. 27. Credit card
28. Debit card
29. Principal