Ch. 10 Lesson 1.

2. 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
3. one of the three functions of money that allows it to serve as a common denominator to measure value
4. privately owned, publicly controlled, central bank of the United States
7. an overthrow of government
9. standard unit of currency in a country’s money supply
10. paper currency issued by the Fed that eventually replaced all other types of federal currency
11. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
12. 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
13. money by government decree; has no alternative value or use as a commodity
14. money in the form of gold or silver coins

1. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
5. money or other substance generally accepted as payment for goods and services
6. moneyless economy that relies on trade or barter
8. one of the three functions of money allowing people to preserve value for future use