CH 10-1 Vocab

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Across
  1. 3. No alternative value or use as a commidity; money by government decree.
  2. 4. Components include coins, currency, checks, other demand deposits, traveler's checks; (narrow) definition of money supply conforming to money's role as medium of exchange;
  3. 7. Alternative money; gunpowder, flour, corn, hemp, musket balls, etc.
  4. 9. Money or other substance generally accepted as payment for goods/services; one of the three functions of money.
  5. 11. An overthrow of government.
  6. 12. Money in the form of gold/silver coins.
Down
  1. 1. Standard unit of currency in a country's money supply; American dollar, British pound, etc.
  2. 2. Moneyless economy that relies on trade/barter.
  3. 3. Privately owned, publicly controlled, central bank of the US.
  4. 4. Allows it to serve as a common denominator to measure value; one of the three functions of money.
  5. 5. Funds deposited in a bank that can be accessed by writing a check/using a debit card.
  6. 6. Paper currency issued by the Fed (eventually replaced all other types of federal currency).
  7. 8. Components include M1 plus savings deposits, time deposits, and money market funds; (broad) definition of money supply conforming to money's role as a medium of exchange and store of value;
  8. 10. Allows people to preserve value for future use; one of the three functions of money.