Financial and Economic Culture

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Across
  1. 4. A medium of exchange
  2. 5. If money can buy fewer goods or services because prices have risen, then price ________ has taken place.
  3. 6. An ___________ takes risks by starting and running a business.
  4. 7. _______ are levied by states on individuals and other legal entities such as businesses.
  5. 8. Money is also a _________ or measure of value
  6. 10. In a one-level banking system, a nation's __________ bank performs all banking functions.
  7. 11. Family resources include time, chores, money and _______.
  8. 12. Over time money acts as a _________ of value, unless its value is reduced through inflation
  9. 14. The modern __________ system arose in the 14th century.
  10. 15. Countries can ______ their money, thereby changing its value
Down
  1. 1. In a two-level banking system, as in _______, the central bank regulates the banks that serve the public.
  2. 2. States must have a ________ budget in which income and expenditures equal one another.
  3. 3. The taxes paid by a corporation are 19% of profits.
  4. 4. _____ policy is how a state can regulate interest rates and inflation through the supply of money.
  5. 9. Debt is often repaid through ________ payments
  6. 11. Hungary's _______ income tax has a flat-tax structure, which is currently 16%.
  7. 13. A business ______ outlines a business's strategy and policies for its financial and operational objectives.
  8. 16. The ______ (English acronym for Value-Added Tax) currently has three tiers (27%, 18% and 5%).