Econ. Ch 10-1 Vocab

4. paper currency issued by the Fed
5. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
7. one of the three functions of money allowing people to preserve value for future use
8. moneyless economy that relies on trade or barter
9. money by government decree
12. narrow definition of money supply conforming to money’s role as medium of exchange
13. one of the three functions of money that allows it to serve as a common denominator to measure value
14. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card

1. an overthrow of government
2. privately owned, publicly controlled, central bank of the United States
3. money in the form of gold or silver coins
6. money or other substance generally accepted as payment for goods and service
10. broad definition of money supply conforming to money’s role as a medium of exchange and store of value
11. standard unit of currency in a country’s money supply; American dollar, British pound, etc.