History of Money and Banking

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Across
  1. 2. characteristic of money that says it should be durable and not easily destroyed
  2. 9. interest using an original principal amount only
  3. 11. vetoed the renewal of the 2nd bank of the United States
  4. 13. money allows people to save wealth over time and use it in future transactions
  5. 15. characteristic of money where it is easy to move between people and over long distances
  6. 18. Act act that replaced all other types currency
  7. 19. characteristic of money that says it should be able to be divided into smaller parts
  8. 20. exchange (goods or services) for other goods or services without using money
  9. 21. financial agreement where the borrower receives money and promises to repay the lender later
  10. 23. legal tender paper money which helped finance the Civil War
  11. 24. money backed by commodities like gold or silver
  12. 26. money allows people to compare the value of different items
  13. 28. act which created a national currency called the Fiat Greenback
  14. 29. characteristic of money that says it should have a stable value
  15. 30. money that is backed by the government and has no intrinsic value
Down
  1. 1. father of American banking
  2. 3. a good that has an agreed value, such as gold, silver, or copper
  3. 4. interest accumulated from a principal sum and previously accumulated interest
  4. 5. characteristic of money that says it should be uniform
  5. 6. money allows people to buy and sell goods and services
  6. 7. first country to use paper money
  7. 8. current medium of exchange in the form of coins and banknotes
  8. 10. characteristic of money that says it should have a limited supply
  9. 12. number that estimates how likely you are to pay back a loan and make on-time payments
  10. 14. characteristic of money that says it should be generally accepted
  11. 16. paper money printed for the first time in the U.S.
  12. 17. payment card usually issued by a bank that allows its users to purchase goods or services
  13. 22. central banking system of the U.S, created on December 23, 1913
  14. 25. era in which U.S. Currency was issued by individual banks
  15. 27. monetary charge for borrowing money and typically has an annual percentage rate