Across
- 4. money or other substance generally accepted as payment for goods and service one of the three functions of money
- 7. moneyless economy that replies on trades or barter
- 8. one of the three functions of money that allows it to serve as a common denominator to measure value
- 9. money by government decree has no alternative value or use as a commodity
- 12. one of the three functions of money allowing people to preserve value for future use
Down
- 1. privately owned,publicly controlled,central bank of the United states
- 2. paper currency issued by the Fed eventually replaced all other types of federal currency
- 3. money in the form of gold or silver coins
- 4. narrow definition of money supply conforming to money role as medium of exchange component included coins, currency,checks,other demand deposits,travelers check
- 5. account whose funds can be removed from a bank or other financial institution by writing a check or using debit card
- 6. standard unit of currency in a countepted country's money supply American dollar, British pound, etc.
- 10. Broad definition of money supply confroming to money's role as a medium exchange and a store of value components includes M1 plus saving deposit, time deposit, and money market funds
- 11. that has an alternative use as an economic good gunpower,flour,corn,etc.