Econ Chap. 7.1-3

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Across
  1. 8. Characteristic of our money - Everyone can use it
  2. 11. These institutions may work like banks, but they are smaller, member focused, and often have more benefits than regular banks offer
  3. 12. The total amount of borrowed money
  4. 13. This person Established the first bank of the United States in 1791
  5. 14. Something that hurts the value of our money
  6. 18. Type of money where its usefulness gives it value, EX. Cattle, Salt, Metals
  7. 19. An object that has value because the government says its an acceptable way to pay your debts
  8. 20. Failure to pay back your loans may result in a _______.
Down
  1. 1. Type of money that has value because it can be used to exchange for something else
  2. 2. This person refused to renew the 2nd Bank of the U.S. charter in 1832
  3. 3. The fee costumers pay to use borrowed money
  4. 4. Characteristic of our money - able to be divided
  5. 5. Money that a bank has on hand for loans
  6. 6. A place to get, keep, and loan out your money
  7. 7. Characteristic of our money - Looks the same
  8. 9. Characteristic of our money - Lasts for a long time
  9. 10. This financial institute plays the largest role making up 1/3 of our Fed. Reserves
  10. 15. This was used in place of paper currency and could be exchanged for gold coins
  11. 16. Characteristic of our money - Easily carried
  12. 17. Something that is used as an exchange, and determines value of items