Across
- 3. a nonprofit financial institution owned by its members
- 4. provided by the government, that provide benefits to more than one person at a time
- 5. a tax that take a larger percentage of income from people higher-income groups
- 8. a good or service which prevents another from consuming it
- 9. economic side-effects or third-party effects, in which some of the benefits or costs associated
- 12. a financial institution that provides various products and services to customers
- 14. when the market forces of supply and demand do not lead to the output society desires
- 16. any good that has value
- 17. money is more useful if it's easily divided
- 19. money is more useful if it's easily transportable
- 20. a monetary system where the the currency is not based on commodity
Down
- 1. money that lasts over time
- 2. the basic money supply in the U.S. that is made up of currency, coins, and checking accounts
- 6. when the cost of solving a market failure is greater than the benefit
- 7. a good or service for which payment must be made before use
- 10. money that must be acceptable
- 11. whatever is used as money
- 13. each unit of money needs to be the same as the next
- 15. a tax that takes a larger percentage of income from people lower-income groups
- 18. one who enjoys a good or service without paying for it