Across
- 4. money is used in exchange for goods and services needed by individuals, businesses, and government
- 7. concept that money received today is worth more than the same amount received in the future
- 10. mechanism a nation uses to provide and manage money for itself.
- 11. to make purchases people must be able to carry money with them
- 12. allows customer to pay for purchases directly from their checking amount
- 13. to exchange one good or service for another good or service
- 15. mean that money is a common measure of the worth or price of a good or service
- 17. a security that pays interest over terms ranging from two to ten years
- 19. plastic card that allows the holder to make credit purchases up to an authorized amount
- 20. anything of value that is accepted in return for goods or service
Down
- 1. there must be a way to divide money into smaller units
- 2. which means it can be saved and used at a later date
- 3. is the process of transferring money from one individual or organization to another
- 5. money must maintain its value over time in order for it to be widely accepted
- 6. to be accepted, authentic money must be immediately recognizable
- 8. a security that matures in a year or less
- 9. type of financial investment issued by a corporation, government, or other organization
- 13. type of a document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document
- 14. a security that pays interest over terms of ten to thirty years
- 16. a transfer of money from one bank account to another
- 18. money is handled many time by many people. It needs to be strong
- 19. made up with paper money and coins