Ch. 5: The Federal Reserve

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Across
  1. 5. the regulation of a country's money supply to achieve economic goals and stability
  2. 7. intended to be used as currency and promise immediate payment by the bank that issued the note
  3. 10. the mechanism a nation uses to provide and manage money for itself
  4. 12. allowed the federal government to charter private banks
  5. 13. the amount of money a bank must keep and not invest or loan out.
  6. 14. the organization that oversees a nation's monetary system
  7. 15. intended to be used as currency and promise immediate payment by the bank that issued the note.
  8. 16. when depositors fear their money is not safe in the bank in which it was deposited
Down
  1. 1. occurs when a central authority shares power with regional and local authorities.
  2. 2. rate the interest rate that banks charge their best commercial customers
  3. 3. occurs when there is a widespread worry that banks do not have enough money to cover customer demands for withdrawal
  4. 4. is the central bank for the United States and is responsible for the country's monetary system
  5. 6. the interest banks pay to borrow money from a Federal Reserve Bank which in turn affects the interest rate that the banks charge customers to borrow money
  6. 8. were created to avoid establishing a single central bank in a single location
  7. 9. the governing body of the Federal Reserve System.
  8. 11. represents money the federal government has borrowed from the bondholder