Across
- 4. A specified percentage of their deposits
- 5. The Fed must balance ______ growth and inflation control
- 8. A rush of depositors to the bank seeking to withdraw all their money
- 10. The expansion of the money supply because of commercial banks’ lending their depositors’ money to others
- 12. Not all ________ (forms of monetary) are equally convenient and portable
- 13. There is always a _______—no perfect solution
- 14. A banker lends out more paper money than he can back in gold
- 15. The lending of money to banks by the Fed
- 17. Does not have gold or something of substantive value backing it
- 18. Controlled by the Fed through ______ policy
- 19. Originate with groups of people who have a common interest, such as company employees, teachers, or union members
- 22. A financial institution that accepts deposits and makes commercial loans
- 23. Savings and ______ associations (S & Ls) began as financial institutions designed to collect savings and use that first capital to make loans
Down
- 1. An expensive and time-consuming process used by primitive societies
- 2. A money supply that can be expanded or contracted
- 3. An act to provide for the establishment of Federal reserve banks
- 6. Legislation left the nation with state and federally _________ institutions, it resulted in the nation’s dual banking system
- 7. A governmental institutional responsible for overseeing the issue of currency, regulating banking activity, and providing banking services to the nation’s commercial banks
- 9. A coin that contains a quantity of metal less than its face value
- 11. Both parties involved in the trade wanting what the other has to offer
- 16. Too much money causes inflation and the ______ “overheats”
- 17. The collection of organizations that assist households in channeling their money to businesses and the government
- 20. The fed is financially _______
- 21. An entity, such as a bank, that handles financial matters for another party