Across
- 6. these are the purchases or sale of U.S. government bonds and Treasury bills.
- 7. is a metallic forms of money such as pennies and nickels.
- 9. member banks must keep a certain percentage of their money in Federal Reserve Banks as a reserve against their deposits.
- 11. are financial institutions that offer full banking services to individuals and businesses.
- 12. makes the decisions that affect the economy as a whole by manipulating, or controlling, the money supply.
- 13. are financial institutions that traditionally loaned money to people buying homes.
- 14. is the rate the Fed charges member banks for loans.
Down
- 1. allows customers to write checks or to use check or debit cards.
- 2. the controlling of the supply of money and the cost of borrowing money-credit-according to the needs of the economy.
- 3. includes both coins and paper money
- 4. banks pay interest to customers based on how much money they have deposited.
- 5. is the Federal Reserve System, known as the Fed. The Federal Reserve System is a banker’s bank. This is a place where banks go to if they need money.
- 8. requires a saver to deposit his or her funds for a certain period of time.
- 10. work on a not-for-profit basis.They are open only to members of the group that sponsors them, usually businesses, labor unions, and government institutions.