money & banking

3. a type of characteristic of money that can be broke down into smaller units
4. money paid regularly at a particular rate for the use of money lent or for delaying the repayment of a debt
5. a type of characteristic of money that withstands the wear and tear of frequent use
8. a period where state chartered banks issued paper currency that was not backed by gold or silver
10. the total amount of money in circulation
11. a standard used to measure the value of goods, services, debts, and assets
12. the central banking system
14. the interest you earn on interest
15. a type of government issued currency that is not backed by anything
16. an interest charge that borrowers pay lenders for a loan
17. exchange for other goods and services without money
20. an exchange of something that is accepted as payment for goods and services

1. the ability of a customer to obtain goods or services before payment based on trust that payment will be made in the future
2. vetoed the renewal of the 2nd bank
6. 1st secretary of the treasury
7. a type of characteristic of money that help maintain its value in a economy
9. an asset, currency, or commodity that maintains/increases its value over time
13. a type of characteristic of money that can be easily transferred and carried
18. the nation that was the first to develop paper money
19. a numerical rating representing the perceived ability of a person or organization to fulfill their financial commitments