Across
- 4. This is the interaction of lenders and borrowers within a regulatory framework
- 6. We demand money because we use it for purchasing goods and services
- 7. ___________ is where people demand money for emergency expenses
- 9. It allows you to buy things immediately and pay for them at a later date
- 12. A place where people can save and get loans
- 13. Refers to the physical wear and use of money over some time
- 14. This refers to the unit in which goods and services are valued
Down
- 1. Is a substitute for money in the form of a document
- 2. Refers to money being divided into smaller denominations
- 3. Consumers use money to purchase goods and services
- 5. An informal credit institution
- 8. Anything generally accepted as a medium of exchange
- 10. The only issuer of notes and coins in a country
- 11. This is the total amount of money in circulation in a given economy at a given time.