Money, Banking, Finance
Across
- 1. US government agency established to maintain stability and public confidence in the nation's financial system
- 3. a broader measure of the money supply that includes everything in M1, plus less liquid assets like savings deposits, money market funds, and small-denomination time deposits
- 4. (Certificate of Deposit) is a savings account that requires you to keep your money locked in for a fixed period of time in exchange for a guaranteed, higher interest rate than a regular savings account
- 6. when many customers simultaneously try to withdraw their money from a bank, often because they fear the bank might fail.
- 7. a bank account from which deposited funds can be withdrawn at any time, without advance notice
- 8. a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity
Down
- 1. the Federal Reserve System, the central bank of the United States
- 2. money that has intrinsic value, meaning that it has value even if it is not used as money
- 5. a slang term for U.S. paper dollars
- 9. the most narrowly defined measure of the money supply