Money and banking
Across
- 3. Money is used to express the value of items. This function is known as ____________ of value.
- 6. Money makes it possible to exchange goods and services. This function is known as __________ of exchange.
- 7. It describes the ancient system of directly swapping goods and services.
- 9. It is a service provided by the bank through which fixed and regular amounts are deducted from a person's bank account.
Down
- 1. Money allows the accumulation of wealth over time. This function is known as _________ of value.
- 2. The ___________ bank is at the apex of the banking system and it controls all other banks in the country.
- 3. The total amount of money in circulation in the economy is known as the ________________.
- 4. _______________ banks provide a range of financial services to consumers and businesses, and aims at maximising their profits.
- 5. It is a service provided by the bank through which variable and untimely amounts are deducted from a person's bank account.
- 8. Money enables credit transactions to take place easily. This function is known as standard of ____________ payment.