Across
- 4. paper money with no tangible backing
- 5. derives its value from the type of material from which it is composed
- 7. exchanging goods and services for other goods and services
- 8. funds in checking accounts can be converted into currency 'on demand'
- 10. yardstick of economic worth in the exchange process
Down
- 1. paper money backed by something tangible
- 2. includes savings accounts and other similar time deposits
- 3. something that holds its value over time
- 5. paper money and coins
- 6. means through which goods and services can be exchanged.
- 9. anything people will accept as payment