Econ CH. 10

3. the collection of organizations that assist households in channeling their money to business and the government
4. currency material must have this to last a long time
5. money by governmental decree
6. authorization to exist
8. a general rise in prices
10. broader measure of money supply
12. money that represents a commodity that some entity holds in store
13. a financial institution that accepts deposits and makes commercial loans
17. Spokesman for the Monetarist Approach

1. encourage personal saving and provide loans to make personal needs
2. cooperative institutions originating from groups of people who have common interests
3. a coin that contains an amount of gold or silver equal to its face value
7. coin that contains a quantity of metal less than its face value
9. no national banking system and individuals could start private banks simply by meeting certain minimal requirements to obtain a charter from the state
10. what a society uses and accepts as payment
11. the exchange of one person's goods or services for another
14. first measure of the money supply
15. declaring that everyone in the American economy accepts your money
16. system where some single commonly used good becomes the economy's medium exchange