Across
- 1. bank of the United States
- 3. deposits that can be withdrawn by check
- 5. rate the Fed charges banks for loans
- 7. increase in the price level
- 9. term for contractionary monetary policy
- 10. of deposits banks must hold
- 11. generally accepted as payment for goods and services
- 14. reserves above the required amount
- 15. of money that preserves purchasing power over time
- 17. supply including savings accounts and money market funds
- 18. of money that provides a common measure of value
- 19. easily an asset can be converted into cash
- 20. measuring potential money creation
- 21. that determines real interest rates
- 22. policy used to stimulate the economy
- 23. where banks keep only part of deposits
- 24. securities sold by the Federal Reserve
Down
- 2. term for expansionary monetary policy
- 4. of borrowing money
- 6. policy used to reduce inflation
- 8. and selling government securities
- 11. supply category including cash and checking deposits
- 12. Reserve actions to influence money supply
- 13. of money used in transactions
- 16. Open Market Committee that sets monetary policy