Across
- 1. any asset that can easily be used to purchase goods and services
- 3. cash held by the public
- 6. the present value of current and future benefits minus the present value of current and future costs
- 9. the total value of financial assets in the economy that are considered money
- 10. an asset that individuals acquire for the purpose of trading goods and services rather than for their own consumption
- 11. a good used as a medium of exchange that has intrinsic value in other users
Down
- 1. an overall measure of the money supply
- 2. bank accounts on which people can write checks
- 3. a medium of exchange with no intrinsic value whose ultimate value is guaranteed by a promise that it can be converted into valuable goods
- 4. financial assets that can't be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits
- 5. a measure used to set prices and make economic calculations
- 7. a means of holding purchasing power over time
- 8. a medium of exchange whose value derives entirely from its official status as a means of payment