Virginia SOL CE.13.e

Social Studies7th GradeEconomic Decisions

The Standard

explaining the role of government currency and analyzing the purpose of a money economy

Virginia Standards of Learning for History and Social Science · The student will apply history and social science skills to analyze the role of government in the United States economy by

Teacher's field guide

What This Standard Means

What Students Need to Do

Students explain how government-issued money gives people a commonly accepted way to pay. They compare a money economy with barter and identify money as a medium of exchange, measure of value, and store of value.

What Mastery Looks Like

Students can explain why currency makes trade easier than swapping goods directly. They can use examples to show how money sets prices, completes purchases, and saves value for later.

Common Misconceptions

Students may think money has value because paper bills or coins are valuable materials. They may also think barter works as efficiently as money or that money only means cash.

How to Assess It

Exit ticket: A baker wants shoes, but the shoemaker does not want bread. Explain how government currency solves the problem and name two purposes money serves.

Lesson moves

Ways to Teach It

  1. Run a barter simulation with product cards, then repeat using classroom currency and compare how many trades each student completes.

  2. Write a response to this prompt: Why would buying lunch be harder if every payment required a direct trade?

  3. Sort scenario cards into medium of exchange, measure of value, or store of value, then defend one choice to a partner.

  4. Compare prices from two grocery ads and explain how shared currency helps shoppers compare value and make purchases.

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Printable CE.13.e Worksheet

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