Across
- 5. Money serves as a measuring stick used to express the worth of something in terms that most people understand. In the United States, this worth is expressed in dollars and cents.
- 6. moneyless economy that relies on trade or barter
- 7. money by government decree; has no alternative value or use as a commodity
- 8. money in the form of gold or silver coins
- 10. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
- 12. privately owned, publicly controlled, central bank of the United States
- 13. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
Down
- 1. money or other substance generally accepted as payment for goods and services; one of the three functions of money
- 2. standard unit of currency in a country’s money supply; American dollar, British pound, etc.
- 3. feature of money that allows purchasing power to be saved until needed. For example, you can spend your money on something now, or wait and spend your money later.
- 4. an overthrow of government
- 9. paper currency issued by the Fed that eventually replaced all other types of federal currency
- 11. broad definition of money supply conforming to money’s role as a medium of exchange and store of value; components include M1 plus savings deposits, time deposits, and money market funds
- 14. narrow definition of money supply conforming to money’s role as medium of exchange; components include coins, currency, checks, other demand deposits, traveler’s checks