Unit #5: Money and Banking

Edit Answers
1234567891011121314151617181920
Across
  1. 1. something used for currency that allows the holder to exchange it for something of value
  2. 4. characteristic of money: money has to last and must withstand wear and tear
  3. 9. characteristic of money: must be able to be broken down/divided into smaller parts
  4. 12. the function of money that allows us to set prices to identify a value
  5. 13. money that has value in and of itself, you can use it as the item instead of money
  6. 14. money that people can gain access to easily and immediately use to pay for goods and services (checking account)
  7. 15. the function of money that guides the transaction
  8. 17. something used as currency that has value because the government says so
  9. 18. a form of payment that is essentially a loan that you must pay back
  10. 19. characteristic of money: money has to be easy to move from place to place
  11. 20. characteristic of money: money has to be hard to make and the amount available has to be controlled
Down
  1. 2. the function of money that allows us to save money and spend it later
  2. 3. a credit score of 300-580
  3. 5. characteristic of money: everyone must accept money as a form of payment
  4. 6. a credit score of 670-799
  5. 7. characteristic of money: money has to have the same basic design and look, and be worth it's stated value
  6. 8. any item or verifiable record that is generally accepted as payment for goods and services and repayment of debt
  7. 10. interest earned on principal and on previous interest earned
  8. 11. interest earned on the principal interest only
  9. 16. money that people can easily access plus deposits in savings accounts and others that are less liquid (savings account)