4.3 Money
Across
- 2. The system that connects borrowers to savers
- 4. Term used by economists to refer to a checking account as a financial asset
- 10. The inflation rate that the bank and consumers predict it will happen
- 12. Currency (cash and coins) in circulation + Demand Deposits + Savings Accounts
- 14. The type of money that has value entirely from its status
- 16. Interest rate adjusted for inflation
- 19. The length of time a bondholder needs to wait until it collects the full fixed amount
- 20. Any asset that is accepted as a means of payment
- 22. An IOU issued by the government or by a corporation
- 23. How easily an asset converts to cash without loss of purchasing power
- 24. Any uncertainty about the future value of an asset
- 25. The sum of currency in circulation and bank reserves held in vaults
- 26. The fixed amount of money you get by the end of a bond's maturity
- 27. The opposite of an asset
- 30. The rate that is advertised by banks
Down
- 1. Nominal Interest Rate = Real Interest Rate + Inflation Rate
- 3. Sometimes bonds give the owner an occasional payment called ...
- 5. When the expected inflation increases, the nominal interest rate also increases to keep the real interest rate constant
- 6. An interest rate that fluctuates with inflation
- 7. The source of both risk and return for stocks
- 8. The cash minimums that financial institutions must have on hand in order to meet central bank requirements
- 9. A determinant of a bond's price and the opportunity cost for holding cash
- 11. Risk of bankruptcy by both government and corporations
- 13. The most liquid financial asset
- 15. The type of economy that directly trades goods and services for other goods and services
- 17. The source of both risk and return for stocks
- 18. The type of money that has intrinsic value
- 21. The total amount of money in an economy that can carry out the transactions motive
- 25. M1 + small denomination time deposits (CDs) + retail money market funds
- 28. A risk that affects all financial assets
- 29. Synonym for stock
- 31. A financial asset that represents a slice of ownership in a company