Social Studies Standard VI, Economics
Lesson 620, Financial and Economic Institutions
Knowing how to define money
Understanding how banks work
Knowing what the Federal Reserve is
Understanding how the Federal Reserve supports the U.S. economy
Understanding the role of the federal government in the economy
Understanding the reason for taxes
Understanding the variety of taxes at the federal, state, and local levels of government
Knowing what a corporation is
Understanding the role of labor in the economy
Knowing what unemployment is
Understanding the purpose and goals of a labor union
Knowing what the stock market is