Episode 60 of 60 · Financial Literacy: Cash Course
The Money Market: The Real Boss
Grades 6th+
Economics — American Government · Government · Economics · Economics — Economics & Financial Literacy · Financial Literacy · Financial Literacy — Economics & Financial Literacy · Captions
About This Video
Meet the real “boss” of the economy—the money market. This Cash Course episode explains how changes in the money market shake up spending, borrowing, interest rates, and even GDP. Teach your teens the basics of monetary policy, a powerful tool that can expand or contract the economy we all participate in. Capiche?
Standards Met in Ohio
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- 9-12.EFL.5Grades 9th, 10th, 11th, 12thMarkets exist when consumers and producers interact. When supply or demand changes, market prices adjust. Those adjustments send signals and provide incentives to consumers and producers to change their own decisions.
- AMG.9-12.20.lp.aGrades 9th, 10th, 11th, 12thIdentify the fiscal tools the federal government can use to influence the economy, including tax rates, spending, and regulation.
- AMG.9-12.21Grades 9th, 10th, 11th, 12thThe Federal Reserve System uses monetary tools to regulate the nation’s money supply and moderate the effects of expansion and contraction in the economy
- AMG.9-12.21.aGrades 9th, 10th, 11th, 12thExplain the purpose of the Federal Reserve (e.g., who, what, where, and how it works; what it does).
- AMG.9-12.21.bGrades 9th, 10th, 11th, 12thIdentify the three main functions of the Federal Reserve.
- AMG.9-12.21.cGrades 9th, 10th, 11th, 12thMatch the Federal Reserve with its purpose.
- AMG.9-12.21.lp.aGrades 9th, 10th, 11th, 12thUnderstand that the Federal Reserve System makes decisions that impact the economy. For example, the Federal Reserve System sets the minimum amount of money banks must keep on hand. Raising or reducing the reserve requirement influences how much money is in circulation.
- AMG.9-12.21.lp.bGrades 9th, 10th, 11th, 12thUnderstand that the Federal Reserve System works to maintain economic stability. For instance, keeping prices from rising or falling too fast or making sure banks have enough money to pay their customers During the Great Depression many banks did not have enough money on hand.
- EFL.9-12.18.lp.bGrades 9th, 10th, 11th, 12thIdentify a money market account or money market deposit account is a deposit account that pays interest based on current interest rates in the money markets.
- EFL.9-12.4.lp.dGrades 9th, 10th, 11th, 12thUnderstand that a market economic system uses individual choices of buyers and sellers to distribute resources through supply and demand.
- EFL.9-12.5Grades 9th, 10th, 11th, 12thMarkets exist when consumers and producers interact. When supply or demand changes, market prices adjust. Those adjustments send signals and provide incentives to consumers and producers to change their own decisions.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.