BARTER and MONEY

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Across
  1. 3. Money allows buying and selling to be done on ___________; in a way that payment is made at a later date
  2. 5. Money can be saved. So it __________ value.
  3. 6. Money is a medium of ________________
  4. 7. Money measures the ________ of goods and services
  5. 9. A characteristic of money: Everyone must agree to its use.
  6. 10. A characteristic of money: It can be broken down into smaller units
  7. 11. The exchange of goods and services for other goods and services.
Down
  1. 1. Anything which is accepted in exchange for goods and service
  2. 2. A characteristic of money: It must be long-lasting so it can be saved for future use.
  3. 4. Double _______________ of wants: Where two parties each hold an item that the other wants, so they exchange these items directly
  4. 8. A characteristic of money: It must be easy to carry