Money and Banking
Across
- 1. Wampum and this were common barter items during colonial times
- 6. Electronic Funds ____ involves transferring money from one account to another electronically
- 7. The base unit of money in Japan
- 9. Automated Teller Machine
- 10. During this war, the U.S. used worthless paper money
- 12. This is the exchange of goods or services as payment
- 13. A person withdraws money from this account by writing a check
- 15. This is money that must be accepted because the law says so
- 17. The base unit of money in Europe
- 19. Value as a good
- 23. This type of money is backed by a valuable item
Down
- 1. Overdraft charges have a maximum amount of this (dollars)
- 2. These can be turned into money easily without losing value
- 3. This type of checking occurs when a check is written for more money than is in the account
- 4. This type of money is given value through the government
- 5. Electronic Funds Transfer
- 6. Lack of privacy and ___ are problems with EFT
- 8. The base unit of money in the U.S.
- 11. Automated _____ Machine
- 14. This type of card lets an individual defer payments until a later time
- 16. The amount of hours it takes for money to transfer on a debit charge
- 18. The ___ Act of 1792 made the dollar the basic unit of currency
- 20. This type of card pulls money from a checkable account
- 21. Coins make up this percentage of our currency
- 22. Gold and ___ are used to back representative money