Across
- 7. what EFT stands for; a transfer of money from one bank account to another
- 8. to exchange one good or service for another good or service
- 11. cards allows customers to pay for purchases directly from their checking accounts
- 13. a type of security that pays interest over terms ranging from two to ten years
- 16. a document guaranteeing payment of a specific amount of money
- 18. a type of security that pays interest over terms of ten to thirty years
- 19. the process of transferring money from one individual or organization to another
- 21. anything of value that is accepted in return for goods and services
- 23. a security that matures in a year or less
- 26. a function of money in the economy in which it is a common measure of the worth or price of a good or service
- 27. coins or banknotes that must be accepted for all debts
Down
- 1. a system by which a government provides money in a country's economy
- 2. the concept that the value of a dollar today is worth more than the value of a dollar in the future
- 3. a financial investment issued by that government, a corporation, or other oganizations
- 4. a function of money in the economy in which it can be saved and used at a later date
- 5. paper money and coins
- 6. a function of money in the economy in which it is needed for exchange of goods and services needed by individuals, businesses, and governments
- 9. short for The Federal Reserve System
- 10. a property of money in which it is able to be divided into smaller units
- 12. a property of money in which people are able to carry money
- 14. a plastic card that allows the holder to make credit purchases up to an authorized amount
- 15. another word for money
- 17. comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates
- 20. any national bank, State bank, banking association, or trust company that is a member of the Federal Reserve System
- 22. a property of money in which it is made of a strong and lasting material
- 24. a property of money in which it is authentic money immediately recognizable
- 25. a property of money in which it maintains its value over time in order for it to be widely accepted