Money! Money! Money!

2. 1st Secretary of Treasury
4. Credit of 670-850
5. Money- Money made by banks through making loans
6. No National Banking system during this time period
10. Something used as money/currency that has value simply because the government says so
12. Money that has value in and of itself-you don’t have to use it as money; you can use it as an item (Ex. Gold)
14. Credit of 300-580
16. (Characteristic of Money) Everyone accepts it as money
17. President who didn’t like central banking
20. (Characteristic of Money) Easily Divided

1. Example of M1
3. Sum total of all the currency and other liquid assess in a countries economy on the date measure
7. the price paid for the use of borrowed money
8. (Characteristic of Money) Two Units are identical
9. an item or verifiable record that is generally accepted as payments for goods and services or repayment of debts
11. (Characteristic of Money) Easy to carry
13. of goods and services
15. Payed back at the end of the month- if not able, credit drops
18. (Characteristic of Money) Withstand physical wear
19. Ability to get money and the bank believe it will be returned