Across
- 5. _______ money is money that does not have intrinsic value
- 7. the percentage of deposits that a bank cannot lend out
- 8. ______ money is money that has intrinsic value
- 9. the money a bank holds that cannot be lent out
- 10. the money ________ helps calculate the amount of money that can be generated for each unit of reserves
- 11. _____ deposits represent money in the bank that can be used on demand
- 12. open-market _______ (OMO) is a way for the central bank to control money supply by trading government debt
Down
- 1. a function of money that allows it to transfer purchasing power to the future
- 2. the ease with which an asset can be converted into a medium of exchange
- 3. the central bank of the US
- 4. the system of trade used before money was available
- 6. ________ rate is the rate of interest when banks borrow from the central bank