Ch. 10 Money & Banking

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Across
  1. 6. paper currency issued during the civil war
  2. 10. the national currency we use today in the United States
  3. 12. coins and paper bills used as money
  4. 13. widespread panic in which great numbers of people try to redeem their paper money
  5. 14. the direct exchange of one set of goods or services for another
  6. 17. the government agency that insures customer deposits if a bank fails
  7. 21. objects that have value because the holder can exchange them for something else of value
  8. 24. anything that serves as a medium of exchange, a unit of account, and a store of value
  9. 25. failure to pay back a loan
  10. 27. the ability to be used as, or directly converted to, cash
  11. 28. person or institution to whom money is owed
  12. 29. money that has value because the government has ordered that it is an acceptable means to pay debts
  13. 30. a bank chartered, or licensed, by the national government
  14. 31. a means for comparing the values of goods and services
Down
  1. 1. the severe economic decline that began in 1929 and lasted for more than a decade
  2. 2. bank that can lend to other banks in times of need
  3. 3. an institution for receiving, keeping, and lending money
  4. 4. a monetary system in which paper money and coins are equal to the value of a certain amount of gold
  5. 5. anything that is used to determine value during the exchange of goods and services
  6. 7. a card used to withdraw money
  7. 8. bank that belongs to the Federal Reserve System
  8. 9. a banking system that keeps only a fraction of funds on hand and lends out the remainder
  9. 10. the nation's central banking system
  10. 11. a fund that pools money from small savers to purchase short-term government and corporate securities
  11. 15. all the money available in the united states economy
  12. 16. the money in checking accounts
  13. 18. the price paid for the use of borrowed money
  14. 19. a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services
  15. 20. a specific type of loan that is used to buy real estate
  16. 22. objects that have value in themselves and that are also used as money
  17. 23. something that keeps its value if it is stored rather than used
  18. 26. the amount of money borrowed