Chapter 10 Vocab

1234567891011121314
Across
  1. 4. Money or other substance generally accepted as payment for goods and services; one of the three functions of money
  2. 5. money in the form of gold or silver coins
  3. 7. one of the three functions of money allowing people to preserve value for future use
  4. 8. Money by government decree; has no alternative value or use as a commodity
  5. 11. An overthrow of government
  6. 12. Privatley owned, publicly controlled, central bank of the united states
  7. 13. 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
  8. 14. Standard unit of currency in a country's money supply; American dollar, British pound, etc
Down
  1. 1. paper currency issued by the Fed that eventually replaced all other types of federal currency
  2. 2. Account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
  3. 3. one of the three functions of money that allows it to serve as a common denominator to measure value
  4. 6. Moneyless economy that relies on trade or barter
  5. 9. 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
  6. 10. Money that has an alternative use as an economic good; gunpowder, flour, corn, etc