Across
- 2. banks create money by granting __________
- 3. money acts as a store of _______________
- 5. this theory of money shows that MV=PY
- 8. money acts as a measure of _______________
- 9. _________of circulation measures how often money is used in the economy
- 10. this is a system that allows bank to lend only a proportion of their deposits
- 11. money can be broken down into small denominations
- 12. all notes and coins held with the banks and financial institutions
- 14. notes and coins and demand deposits are referred to as ________ money
Down
- 1. this means we should be able to carry money around with us easily
- 4. the main problem of barter was the double __________ of wants
- 6. this means everyone must accept money
- 7. the direct exchange of goods
- 12. currency in circulation
- 13. money acts as a medium of __________when it facilitates transactions
