Across
- 3. The total of bank deposits and notes and coins in an economy.
- 5. Being able to turn an asset into cash quickly without a loss
- 7. A type of bank with retail branches in many towns and cities
- 8. A good money must fulfill this function
- 12. Another term used to describe the exchange of goods and services, usually for money
- 13. A long term loan for buying property
Down
- 1. A single seller
- 2. a place that brings together buyers and sellers of a good or service
- 4. When two or more firms agree to sell a product at the same price
- 6. The main bank in an economy responsible for managing the stability of the national currency and the money supply
- 9. The cost of borrowing money
- 10. Trading and swapping goods and service without money. This form of exchange requires a double coincidence of wants.
- 11. An item which is generally acceptable as a medium of payment
