AP Macro Unit 4 Review

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Across
  1. 2. Currency in circulation plus checkable deposits
  2. 4. Market for short‑term financial assets
  3. 8. Decreases money supply and raises rates
  4. 10. Market for borrowing and saving
  5. 12. M1 plus savings deposits and money market funds
  6. 14. Interest rate before inflation
  7. 15. Fed buying or selling government bonds
  8. 16. Percent of deposits banks must keep
  9. 20. Rate banks charge each other overnight
Down
  1. 1. Nominal rate minus inflation
  2. 3. Increases money supply and lowers rates
  3. 5. Market for long‑term financial assets
  4. 6. Maximum increase from one deposit
  5. 7. Money backed by government decree
  6. 9. Funds banks can loan out
  7. 11. Interest‑paying loan to government or firms
  8. 13. Rate the Fed charges banks
  9. 17. Portion of deposits banks must hold
  10. 18. Central bank of the United States
  11. 19. Ease of converting an asset into cash