Across
- 4. currency backed by government bonds and issued by commercial banks in the National Banking System
- 6. paper currency backed by gold; issued in 1863 and popular until recalled in 1934
- 8. a bank that receives its charter from the state in which it operates
- 10. currency that must be accepted for payment by decree of government
- 11. a commercial bank chartered by the National Banking System
- 13. paper currency backed by, and redeemable for, silver from 1878 to 1968
Down
- 1. a commercial bank chartered by the National Banking System
- 2. originally; at the beginning
- 3. the United States government institution that provides deposit insurance on the depositor’s account
- 5. a bank that can lend to other banks in times of need, or a “bankers’ bank”
- 7. a system in which the basic unit of currency is equivalent to, and can be exchanged for, a specific amount of gold
- 9. sudden rush by depositors to withdraw all deposited funds, generally in anticipation of bank failure or closure
- 12. a stipulation, usually in a legal document
