Across
- 2. broad definition of money supply conforming to money's role as a medium of exchange and store of value; components include M1 plus saving deposits, time deposits, and money market funds.
- 4. account whos funds can be removed from a bank or other financial institution by writing a check or using a debit card
- 7. privately owned, publicly controlled, central bank of the United States.
- 9. moneyless economy that relies on trade or barter
- 12. standard unit of currency in a country's money supply; American dollar, British pound, etc
- 13. one or three functions of money allowing people to preserve value for future use
Down
- 1. money or other substances generally accepted as payment for goods and services; one of the three functions of money
- 3. paper currency issued by the Fed that eventually replaced all other types of federal currency
- 5. money is the form of gold or silver coins
- 6. one of the three functions of money that allows it to serve as a common denominator to measure value
- 7. money by the government decree; has no alternative value or use as a commodity
- 8. an overthrow of government
- 10. money that has an alternative use as an economic good, gunpowder, flour, corn, etc
- 11. 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