Understanding Money

2. A security that pays interest over terms of ten to thirty years
5. Money received today is worth more than the same amount received in the future because money received today can be invested or deposited in the bank for interest; this concept is called...
8. A plastic card that allows the holder to make credit purchases up to an authorized amount
9. Money is also known as...
10. A type of a document guaranteeing the payment of a specific amount of money
12. To exchange one good or service for another good or service
14. A bank-issued card that allows customers to pay for purchases directly from their checking account
15. Money is used in exchange for goods and services needed by individuals, businesses, and governments
16. A transfer of money from one bank account to another
18. A type of financial investment issued by a corporation, government, or other organization
19. Anything of value that is accepted in return for goods and services
20. Action taken to manage the supply of money and interest rates in an economy

1. The process of transferring money from one individual or organization to another
3. The Federal Reserve System, often called... was created by the U.S. Congress in 1913 as our nation's central bank
4. The mechanism a nation uses to provide and manager money for itself
6. Money is a common measure of the worth or price of a good or service
7. Banks that are part of The Fed are known as...
11. A security that matures in a year or less
13. Money can be saved and used at a later date
17. A security that pays interest over terms ranging from two to ten years