Chapter 10.1 Vocab

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Across
  1. 3. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
  2. 7. money or other substance generally accepted as payment for goods and services
  3. 11. one of the three functions of money allowing people to preserve value for future use
  4. 12. money by government decree
  5. 13. paper currency issued by the Fed that eventually replaced all other types of federal currency
Down
  1. 1. privately owned, publicly controlled, central bank of the United States
  2. 2. money that has an alternative use as an economic good
  3. 4. narrow definition of money supply conforming to money’s role as medium of exchange
  4. 5. money in the form of gold or silver coins
  5. 6. one of the three functions of money that allows it to serve as a common denominator to measure value
  6. 8. broad definition of money supply conforming to money’s role as a medium of exchange and store of value
  7. 9. an overthrow of government
  8. 10. standard unit of currency in a country’s money supply