Chapter 10-Lesson 1

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