Across
- 3. is the narrow definition that includes coins and currency, traveler's checks, DDAs, and checking accounts held at depository institutions. These forms of money all function as a medium of exchange.
- 4. Certificate of Deposit. Receipt showing that an investor has made an interest-bearing loan to a financial institution
- 7. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
- 8. is a slang term for U.S. dollars. The term comes from the first paper money issued by the United States government in the 19th century to finance the American Civil War.
- 9. is a broader measure of money that includes M1 along with forms of money that serve as a store of value, components including savings deposits, time deposits, and money market funds.
- 10. sudden rush by depositors to withdraw all deposited funds, generally in anticipation of bank failure or closure
Down
- 1. money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
- 2. money by government decree; has no alternative value or use as a commodity
- 5. Federal Deposit Insurance Corporation. The U.S. government institution that provides deposit insurance on the depositor's account
- 6. Privately owned, publicly controlled, central bank of the United States. Conducts national monetary policy, maintains financial stability, and provides banking services.