WHTPC Vocab, Chpt 1-6

2. Purity of a precious metal.
3. The notches on the edge of a coin.
4. A wafer or disk of precious metal.
5. Legal tender money
12. Reducing the value of a coin.
13. "There Ain't No such Thing As A Free Lunch"
17. Says that when the supply of something goes up, the price per unity of that thing goes down. When the supply goes down the price goes up.
18. Metal A non-precious metal like copper or nickel.
20. Overthrowing a government, usually by force
21. A fact of life which deals with production and distribution of wealth.

1. To make something that is fake or phony.
6. An increase in the amount of money. Causes the money to lose value, so prices rise.
7. A one-ounce ingot of silver
8. A coin made of layers of different metals.
9. The most easily traded thing in a society. Economists call it the most liquid commodity.
10. A government program for giving tax money away, usually to rich people or large companies
11. Shaving the edges of a coin in order to get some of the precious metal from the coin.
14. The mint-mark of a coin. Tells who made the coin. Like a trademark.
15. A disk of base metal which can be used as a substitute for a coin.
16. Today, paper money. Originally, an IOU from a bank, usually for gold or silver.
19. A government program for giving away money or good, usually to poor people.