Across
- 2. A characteristic of money meaning it should be legal tender
- 5. A characteristic of money meaning it can be broken down into smaller portions
- 9. Allows funds to be transferred electronically
- 11. Method of payment prepared by bank that shows who is to be paid on the order
- 12. A characteristic of money meaning it is convenient to carry around
- 14. A function of money which declares the price
- 15. The person on the exchange has to pay a specified amount to a party by a predetermined date
Down
- 1. Method of payment that can be used like a cheque
- 3. A function where it can be earned and spent at a later date
- 4. A characteristic of money meaning it should last a long time
- 6. A function of money as it can be stored and saved
- 7. An instruction to the bank to pay the amount on the instruction to another party
- 8. A credit loan facility offered by the bank which has to be repaid
- 10. Any commodity accepted by law in exchange for goods and services
- 13. A function of money which facilitates trade