Across
- 2. Anything generally accepted as payment for goods and services
- 4. General increase in the price level
- 7. Government securities sold by the Federal Reserve
- 9. Market that determines real interest rates
- 13. Monetary policy used to stimulate the economy
- 15. Buying and selling government securities
- 17. Money supply category including cash and checking deposits
- 19. Federal Open Market Committee that sets monetary policy
- 20. Function of money that provides a common measure of value
- 23. Another term for expansionary monetary policy
- 24. Interest rate the Fed charges banks for loans
- 25. Formula measuring potential money creation
Down
- 1. Percentage of deposits banks must hold
- 3. Cost of borrowing money
- 5. How easily an asset can be converted into cash
- 6. System where banks keep only part of deposits
- 8. Bank deposits that can be withdrawn by check
- 10. Function of money that preserves purchasing power over time
- 11. Function of money used in transactions
- 12. Monetary policy used to reduce inflation
- 14. Central bank of the United States
- 16. Money supply including savings accounts and money market funds
- 18. Another term for contractionary monetary policy
- 21. Bank reserves above the required amount
- 22. Federal Reserve actions to influence money supply