Chapter 12 Money and Banking

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Across
  1. 2. trading goods and services directly for other goods or services
  2. 3. standard of value and means of payment
  3. 4. property or goods pledged by a borrower to use as security on a loan
  4. 7. secure box in a bank vault used for safe storage of valuables
  5. 8. rate the bank pays customers for keeping their money
  6. 12. funds set aside for emergencies
  7. 13. primary way banks make profit
  8. 14. there are 12 of these in the federal reserve
  9. 16. a firm that manages money
  10. 17. central bank of the US, bankers bank, monitors money supply
  11. 20. electronic transfer of payment directly from payer's account to the payee's
  12. 21. record of the money deposited or withdrawn from a bank
Down
  1. 1. used for storing money over a longer period of time
  2. 5. coins, currency, check and debit cards that society uses
  3. 6. money taken out of a bank account
  4. 9. hold customers' funds in interest bearing account and invest mainly in mortgage loans
  5. 10. used for storing money in the short term
  6. 11. not-for-profit bank set up by organizations for their customers
  7. 15. banks that are "full service" and serve individuals and businesses
  8. 18. allows money to transfer from one account to another through computers
  9. 19. an agreement which the borrower gives a lender the right to take the property if loan is not repayed