Alabama Social Studies SS24.K.5

SS24.K.5 is a cluster heading. These are the individual standards under it.

• SS24.K.5a

  Differentiate between coin, paper, and digital currency in respect to value.

• SS24.K.5b

  Differentiate between goods and services.

01

What Students Need to Do

Students explain that people give money to get an item or pay for work someone does. They tell goods from services. They recognize coins, bills, and money shown on a payment screen, then compare their amounts.

02

What Mastery Looks Like

A student calls an apple a good and a haircut a service. They know a $1 bill or a payment screen showing $1 can buy a $1 apple, but a quarter alone cannot.

03

Common Misconceptions

Some students call a haircut a good because they can see the result. Others think every bill is worth more than every coin, or that tapping a card does not use money.

04

How to Assess It

Show a quarter, a $1 bill, a phone payment screen showing $1 available, an apple, and a haircut picture. Ask students to name each kind of money, choose what can buy the $1 apple, and identify the service.

1. 01

   Set up a toy fruit stand with $1 tags, play coins and bills, and a paper phone showing $1; students take turns paying.

2. 02

   Show an apple and a barber cutting hair; ask, 'Which can you take home, and what does the barber do for you?'

3. 03

   Play a sorting race with picture cards for shoes, bread, a bus ride, and a haircut; students sort them into goods and services.

4. 04

   Show a grocery receipt and a bus fare sign; ask what people get when they pay each amount.

• SS24.1.3a

  Explain the concept of using money to acquire goods and services to satisfy needs and wants.

• SS24.E.11

  Explain why individuals, businesses, and nations engage in trading goods and services in the global economy.

• SS24.K.4

  Explain the process of earning, saving, and spending money.

• SS24.E.11d

  Construct and explain examples of specialization and exchange.