10-2 Vocab

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Across
  1. 1. a stipulation
  2. 3. bank a bank that can lend to other banks in times of need,
  3. 7. tender currency that must be accepted for payment by decree of government
  4. 10. bank a commercial bank chartered by the National Banking System
  5. 12. Deposit Insurance Corporation (FDIC) The United States government institution that provides deposit insurance on the depositor’s account
  6. 13. holiday brief period during which all banks or depository institutions are closed to prevent bank runs
Down
  1. 2. bank a bank that receives its charter from the state
  2. 4. currency currency backed by government bonds and issued by commercial banks
  3. 5. standard a system in which the basic unit of currency is equivalent to, and can be exchanged for, a specific amount of gold
  4. 6. Certificates paper currency backed by, and redeemable for, silver
  5. 8. Certificates paper currency backed by gold
  6. 9. run sudden rush by depositors to withdraw all deposited funds
  7. 11. originally