The Evolution, Functions, and Characteristics of Money

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Across
  1. 2. One of the three functions of money allowing people to preserve value for future use.
  2. 3. Money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
  3. 8. Money in the form of gold or silver coins.
  4. 9. One of the three functions of money that allows it to serve as a common denominator to measure value.
  5. 10. Money by government decree; has no alternative value or use as a commodity.
  6. 11. Moneyless economy that relies on trade or barter.
  7. 13. reserve system(Fed) Privately owned, publicly controlled, central bank of the United States.
Down
  1. 1. Standard unit of currency in a country's money supply; American dollar, British pound, etc.
  2. 4. Account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card.
  3. 5. reserve system Paper currency issued by the Fed that eventually replaced all other types of federal currency.
  4. 6. An overthrow of government.
  5. 7. Money or other substances are generally accepted as payment for goods and services; one of the three functions of money.
  6. 9. Narrow definition of money supply conforming to money's role as medium of exchange; components include coins, currency, checks, other demand deposits, travelers checks.
  7. 12. Broad definition of money supply conforming to money's role as a medium exchange and a store of value; components include M1 plus savings deposits, time deposits, and money market funds.