Alabama Social Studies SS24.K.5a
The Standard
- SS24.K.5
- Describe the concept of exchange and how money is used to purchase goods and services.
Differentiate between coin, paper, and digital currency in respect to value.
2024 Alabama Course of Study: Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students identify coins, paper bills, and money shown on a screen. They compare amounts and see that different forms of money can have the same value.
What Mastery Looks Like
- A student knows a quarter is worth 25 cents and a dollar bill is worth $1. They can show that four quarters, a dollar bill, and a digital payment of $1.00 are equal.
Common Misconceptions
- Students may think a larger coin is always worth more than a smaller one, such as a nickel versus a dime. They may think any bill is worth more than a pile of coins, or that the phone itself is money.
How to Assess It
- Show pictures of four quarters, a $1 bill, and a digital payment of $1.00. Ask, “Which are worth the same amount? How do you know?”
Lesson moves
Ways to Teach It
Give pairs four play quarters, a play $1 bill, and a paper phone showing a $1.00 payment; have them make equal-value groups.
Show a nickel and a dime; ask, “Which is worth more? Does the bigger coin always have the bigger value?”
Play a matching game with cards showing coins, bills, and digital amounts; students find pairs with the same value.
Set up a pretend store with a $1 pencil; let students pay with four play quarters, a play bill, or a pretend digital payment.
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Printable SS24.K.5a Worksheet

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Related Standards
- SS24.K.6
Differentiate between needs and wants.
- SS24.K.5b
Differentiate between goods and services.
- SS24.HG.1
Differentiate among types of charts, graphs, infographics, and maps, and explain how different types of these illustrate data and trends.
- SS24.1.11
Differentiate between primary and secondary sources.
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