Across
- 2. One of the three functions of money allowing people to preserve value for future use.
- 3. Money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
- 8. Money in the form of gold or silver coins.
- 9. One of the three functions of money that allows it to serve as a common denominator to measure value.
- 10. Money by government decree; has no alternative value or use as a commodity.
- 11. Moneyless economy that relies on trade or barter.
- 13. reserve system(Fed) Privately owned, publicly controlled, central bank of the United States.
Down
- 1. Standard unit of currency in a country's money supply; American dollar, British pound, etc.
- 4. Account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card.
- 5. reserve system Paper currency issued by the Fed that eventually replaced all other types of federal currency.
- 6. An overthrow of government.
- 7. Money or other substances are generally accepted as payment for goods and services; one of the three functions of money.
- 9. Narrow definition of money supply conforming to money's role as medium of exchange; components include coins, currency, checks, other demand deposits, travelers checks.
- 12. Broad definition of money supply conforming to money's role as a medium exchange and a store of value; components include M1 plus savings deposits, time deposits, and money market funds.