Across
- 1. in order to have value money must be hard to find
- 5. funds in checking accounts can be converted into currency 'on demand'
- 6. means through which goods and services can be exchanged.
- 12. something that holds its value over time
- 13. purchasing power of value is stable
- 14. easily divided using pinnies nickles and dimes means the money is
- 16. paper money with no tangible backing
- 17. derives its value from the type of material from which it is composed
- 18. paper money and coins
Down
- 2. people most agree that money is a payment exceptable for exchange.
- 3. exchanging goods and services for other goods and services
- 4. easy to transport
- 7. if the money shows --- its recognizable and constant
- 8. last throughout many transactions, dosen't fall apart
- 9. yardstick of economic worth in the exchange process
- 10. anything people will accept as payment
- 11. paper money backed by something tangible
- 15. includes savings accounts and other similar time deposits