Lesson 10-1: Vocabulary

123456789101112
Across
  1. 3. money by government decree; has no alternative value or use as a commodity
  2. 4. 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
  3. 7. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
  4. 9. money or other substance generally accepted as payment for goods and services; one of the three functions of money
  5. 11. an overthrow of government
  6. 12. money in the form of gold or silver coins
Down
  1. 1. standard unit of currency in a country’s money supply; American dollar, British pound, etc.
  2. 2. moneyless economy that relies on trade or barter
  3. 3. privately owned, publicly controlled, central bank of the United States
  4. 4. one of the three functions of money that allows it to serve as a common denominator to measure value
  5. 5. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
  6. 6. paper currency issued by the Fed that eventually replaced all other types of federal currency
  7. 8. 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. 10. one of the three functions of money allowing people to preserve value for future use