Across
- 3. a mean where goods and services are exchanged
- 5. accepted by citizens as a valid medium of exchange
- 6. sturdy enough to last many transactions
- 8. declared by government issues it and accepted by citizens who use it
- 12. exchange goods and services for another good or service
- 13. funds in checking accounts are converted to on demand currency
- 14. divided in ways to create change
- 17. deposits that cannot be converted into cash easily
- 18. paper money backed by something tangible
Down
- 1. paper money and coins
- 2. stability of moneys purchasing power or value
- 4. anything that holds value over time
- 7. standard of economic growth in exchange process
- 9. having features and markings that make it recognizable
- 10. derived value from type of material it is made from
- 11. small, light, easy to carry
- 15. anything accepted as payment for a good or service
- 16. money must be scarce to have any value