SS.7.E.2.2

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Describe the banking system in the United States and its impact on the money supply.

Remarks

Examples are the Federal Reserve System and privately owned banks.
General Information
Subject Area: Social Studies
Grade: 7
Strand: Economics
Standard: Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
Date Adopted or Revised: 02/14
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
2106010: M/J Civics (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))
2106016: M/J Civics & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))
2106020: M/J Civics, Advanced (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))
2106026: M/J Civics, Advanced & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))
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 - 2023, 2023 and beyond (current))
7821021: Access M/J Civics (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))
2104060: M/J Introduction to Personal Financial Literacy (Specifically in versions: 2019 - 2022, 2022 - 2023, 2023 - 2024, 2024 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.7.E.2.AP.2: Identify that the banking system in the United States controls the money supply and interest rates.

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