Across
- 5. something that people acquire for the purpose of payment for goods and services
- 8. the exchange of goods and services for other goods and services without the use of money and limits choice
- 9. a financial institution that obtains money mainly through deposits from clients
- 12. accepts deposits from people and firms, provides loans
- 14. durable and portable, uniform and divisible, and limited in supply and accepted for payment
- 15. steady growth in stock prices
- 16. a standard measure used to get prices and make economic calculations
- 17. anything that is widely accepted in exchange for goods and services
- 19. non-profit, if you are a member you get an ownership
- 20. a broker who buys and sells securities on a stock exchange
Down
- 1. has no value of its own, but can be exchanged for something of value
- 2. banks must hold onto a fraction of their deposits and may lend out the rest
- 3. money held in checking accounts at a bank
- 4. has value because the government has ordered that it be accepted in payment of debts
- 6. paper money and coins
- 7. money that has value apart from its use as money
- 10. rapidly declining stock prices
- 11. something that can be saved and will hold its value relatively well over time
- 13. specifies the percentage banks must hold as reserves
- 18. represents ownership of a fraction of a corporation