Ch10 Lesson 1

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