Across
- 2. is the chance that an investment’s actual return will be different from what was expected
- 5. Should be easy to identify and people should feel confident that it is difficult to counterfeit
- 9. ______ deposit means storing money at a bank to earn interest for a set period of time, cannot withdraw for a specific period
- 11. digital currencies that only exist online and can be purchased on currency exchanges in Australia using a traditional flat currency, that is, Australian dollars e.g. Bitcoin.
- 13. Can be easily divided to allow for small transactions
Down
- 1. Able to be kept and re-used for a long time
- 3. using money to make profitable returns, such as interest, income, or appreciation in value. One investment option is to buy shares, for example, using a phone app, I bought Walmart shares in NYSE index.
- 4. a current medium of exchange in the form of coins and bank notes. For example 50 cents and $10 AUD bank notes.
- 6. exchange (goods or services) for other goods or services without using money.
- 7. the basic economic problem, the gap between limited resources and unlimited needs and wants.For example, there are limited supply of caviar because it is difficult to extract the roe from a specific fish which leads to scarcity.
- 8. buying part ownership of a company to earn dividends and selling it for a higher price to make capital gains
- 10. If people are not willing to accept something as valuable, it cannot be used as money
- 12. Easy and convenient to carry around