Unit 4 Crossword

2. Interest calculated on the initial principal plus any accumulated interest from previous periods.
6. Banks issued their own paper currency that was often unreliable.
8. Sum total of all the currency and in circulation within an economy at a specific time.
10. Any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts.
11. Something used as money that has value simply because the government says so.
13. Established the 1st Bank of the United States.
14. Money has to be hard to make and the amount of quantities has to be controlled.
16. Created a national currency called the “Fiat Greenback.”
18. Low credit score, irresponsible spending and borrowing, high risk to lenders.
19. Money must be able to break down and divide.
20. Doesn't have to be used as money; can be used as a item.

1. Form of legal tender paper money created by the Union government to help finance the Civil War.
3. High credit score, responsible spending and borrowing, low risk to lenders.
4. Vetoed the renewal of the 2nd bank of the United States and withdrew national funds.
5. Interest calculated on the initial principal plus any accumulated interest from previous periods.
7. Used as currency and allows the holder to exchange it for something else.
9. Money has to last and must withstand wear and tear.
12. Money has to be easy to move from place to place.
15. Money has to be accepted as form of payment by everyone.
17. Money has to have the same basic design and look.