Ch 10-1 Reading Questions #1 - 4

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Across
  1. 2. money or other substance generally accepted as payment for goods
  2. 5. one of the three functions of money that allows it to serve as a common denominator to measure value
  3. 10. paper currency issued by the Fed that eventually replaced all other types of federal currency.
  4. 11. an overthrow of government.
  5. 12. broad definition of money supply conforming to money’s role as a medium of exchange and store of value; components include M1 plus savings...
  6. 13. one of the three functions of money allowing people to preserve value for future use
Down
  1. 1. privately owned, publicly controlled, central bank of the United States.
  2. 3. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
  3. 4. account whose funds can be removed from a bank or other financial institution
  4. 5. narrow definition of money supply conforming to money’s role as medium of exchange; components include coins, currency...
  5. 6. standard unit of currency in a country’s money supply; American dollar, British pound, etc.
  6. 7. moneyless economy that relies on trade or barter.
  7. 8. money by government decree; has no alternative value or use as a commodity.
  8. 9. money in the form of gold or silver coins