SS.7.E.1.2

Discuss the importance of borrowing and lending in the United States, the government's role in controlling financial institutions, and list the advantages and disadvantages of using credit.
General Information
Subject Area: Social Studies
Grade: 7
Strand: Economics
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
2106016: M/J Civics & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023 (current), 2023 and beyond)
2106020: M/J Civics, Advanced (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023 (current), 2023 and beyond)
2106026: M/J Civics, Advanced & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023 (current), 2023 and beyond)
2104030: M/J United States Economics Geography (Specifically in versions: 2014 - 2015, 2015 - 2019 (course terminated))
2104035: M/J United States Economics & Geography Advanced (Specifically in versions: 2014 - 2015, 2015 - 2019 (course terminated))
7821023: Access M/J Civics and Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 and beyond)
7821021: Access M/J Civics (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 and beyond)
2104060: M/J Introduction to Personal Financial Literacy (Specifically in versions: 2019 - 2022, 2022 - 2023 (current), 2023 and beyond)

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.7.E.1.In.b: Identify differences in borrowing and lending money, including the use of credit.
SS.7.E.1.Su.b: Recognize differences in borrowing and lending money.
SS.7.E.1.Pa.b: Recognize the difference between a loan and a gift.

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