Money and Banking

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Across
  1. 3. A broadly defined money supply, equal to M One plus non checkable savings accounts, small time deposits, and individual money market mutual fund balances.
  2. 4. Paper money issued by the Federal Reserve Banks.
  3. 7. Any deposit in a commercial bank or thrift institution against which a check may be written.
  4. 9. A definition of the money supply that includes monetary balances immediately available at zero cost to households and businesses for making transactions.
  5. 10. A deposit in a commercial bank or thrift institution on which interest payments are received; generally used for saving rather than daily transactions; a component of the M Two money supply.
  6. 11. Purchases made by transferring funds electronically.
  7. 13. An interest-earning deposit in a commercial bank or thrift institution that the depositor can withdraw without penalty after the end of a specified period.
  8. 14. Any item sellers accept and buyers use to pay for a good or service.
  9. 15. The U.S. central bank, consisting of the Board of Governors of the Federal Reserve and the 12 Federal Reserve banks which control the lending activity of the nation's banks and thrifts and thus the money supply.
Down
  1. 1. Financial assets, the most important of which are noncheckable savings accounts, time deposits, and U.S. short-term securities and savings bonds, which are not a medium of exchange but can be readily converted into money.
  2. 2. All of the coins in circulation in the United States.
  3. 4. The Broad category of firms that provide financial products and services to help households and businesses earn interest, receive dividends, obtain capital gains, insure against losses, and plan for retirement.
  4. 5. Standard unit in which prices can be stated and the value of goods and services can be compared.
  5. 6. A savings and loan association, mutual savings bank, or credit union.
  6. 8. An asset set aside for future use.
  7. 9. A narrowly defined money supply, equal to currency in the hands of the public and the checkable deposits of commercial banks and thrift institutions.
  8. 12. Firms that engage in the business of banking.
  9. 16. A Legal designation of a nations official currency.