Across
- 4. first to develop paper money
- 6. 1st US treasury secretary
- 7. US central bank that controls money supply and interest rates
- 8. money that has value in and of itself
- 11. US pres who opposed national bank
- 12. something used for currency that allows the holder to exchange it for something of value
- 14. medium of exchange,store of value,unit of account
- 16. exchange without money
- 17. 1863 law creating national banks and standard currencies
Down
- 1. interest only calculated on both the principle and any earned interest
- 2. something used as currency that has value
- 3. ability to borrow money with promised repayment
- 5. time when unregulated banks issued an unreliable currency
- 9. savings
- 10. cost of borrowing money with promise of repayment
- 13. durable,portable,divisible/countable,scarce,uniform,acceptable
- 15. liquid cash
