Chapter 14 - Money and Banking

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Across
  1. 5. Money should be reasonably __________________
  2. 6. A legal _________ consists of the paper money and coins that are used within a nation.
  3. 9. The money ________________ is the amount of money available for purchasing goods and services at any one time.
  4. 10. ____________power is measured by what a dollar can buy at a given time.
  5. 13. ___________ of account is a reliable way of understanding prices.
  6. 14. A ____________ check is often used by people when traveling instead of carrying large amounts of cash.
  7. 15. Any item that can be used to purchase goods or services or to settle other financial obligations.
  8. 16. This means money is easy to carry.
  9. 17. A checkable ______________ is a deposit on which a check can be written.
Down
  1. 1. ___________ assets are assets that are easily spent.
  2. 2. This is in the form of bills and coins and is part of M1.
  3. 3. To exchange goods or services for other goods and services.
  4. 4. A _________ of exchanged is a way of purchasing goods or services.
  5. 7. This type of money is backed by a valuable item such as gold or silver.
  6. 8. This means money should be easily divided into smaller units.
  7. 11. This type of money has an alternative use.
  8. 12. This type of money is issued by the United States today.