Ch 10-1 Vocab: Create a Quiz

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Across
  1. 3. value
  2. 4. Reserve System (Fed)
  3. 7. deposit accounts (DDAs)
  4. 8. unit
  5. 9. economy
  6. 10. of exchange
  7. 12. of the three functions of money that allows it to serve as a common denominator to measure value
  8. 14. other substance generally accepted as payment for goods and services; one of the three functions of money
  9. 16. funds can be removed from a bank or other financial institution by writing a check or using a debit card
  10. 17. overthrow of government
  11. 18. owned, publicly controlled, central bank of the United States
  12. 19. government decree; has no alternative value or use as a commodity
  13. 20. currency issued by the Fed that eventually replaced all other types of federal currency
Down
  1. 1. money
  2. 2. of the three functions of money allowing people to preserve value for future use
  3. 3. unit of currency in a country’s money supply; American dollar, British pound, etc.
  4. 4. money
  5. 5. Reserve notes
  6. 6. 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
  7. 10. of value
  8. 11. the form of gold or silver coins
  9. 13. economy that relies on trade or barter
  10. 14. that has an alternative use as an economic good; gunpowder, flour, corn, etc.
  11. 15. definition of money supply conforming to money’s role as medium of exchange; components include coins, currency, checks, other demand deposits, traveler’s checks