Chapter 10-1 Econ

4. money in the form of gold or silver coins
5. an overthrow of government
8. paper currency issued by the Fed that eventually replaced all other types of federal currency
10. standard unit of currency in a country’s money supply
11. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
13. broad definition of money supply conforming to money’s role as a medium of exchange and store of value

1. money that has an alternative use as an economic good
2. one of the three functions of money allowing people to preserve value for future use
3. money or other substance generally accepted as payment for goods and services
6. privately owned, publicly controlled, central bank of the United States
7. one of the three functions of money that allows it to serve as a common denominator to measure value
9. money by government decree
12. narrow definition of money supply conforming to money’s role as medium of exchange