Econ CH 10
Across
- 1. Insures deposits
- 3. Money preserves purchasing power as a ____ of value.
- 5. National _____ System. Early system creating national banks
- 10. Includes M1 plus savings
- 11. Money must be easily broken into smaller parts, meaning it is ____
- 12. Includes coins, currency, DDA
- 13. Gold and silver coins
- 14. Panic withdrawals are called a _____
- 16. Dollar backed by gold
- 17. Government-declared money
- 18. Money must last over time, meaning it is ____
- 19. Banks earn profit from the ____ spread.
Down
- 2. Barter requires a double ______ of wants
- 4. Money used to buy goods acts as a medium of ____
- 6. Money must be scarce, meaning it has a ___ supply.
- 7. _____ Reserve. Central bank
- 8. _____ Money. Money with intrinsic value
- 9. Money allows price comparison as a _____ of value.
- 15. Money must be easy to carry, meaning it is ___
- 17. _____ Reserve System. Keeps percentage of deposits