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Across 4. The entire quantity of bills, coins, loans, credit and other liquid instruments in a country's economy 5. Readily available money 8. Banks that deal with every day finance between customers 9. the most inclusive definition of the money supply 10. Broad inclusion of money 13. anything that is generally accepted as a medium of exchange 14. This quasi-independent agency is responsible for printing our money 15. The difference between a bank’s actual reserves and its required reserves. 21. The decrease in the value of money that occurs when its supply is increased rapidly 24. Money that a government has required to be accepted in settlement of debts 25. _____ money has intrinsic value in some other use 26. _____ operations buy and sale government securities 27. A general decline in prices, often caused by a reduction in the supply of money or credit

Down 1. An economics term describing non-cash assets that are highly liquid, such as bank deposits, certificates of deposit (CDs) and Treasury Bills 2. The percentage of its total deposits that a bank must keep as reserves at the Federal Reserve 3. interest rate that banks charge its best customers 4. An intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. 5. The pressure that in the past the Fed exerted on member banks to discourage them from borrowing heavily from the Fed 6. ______ money is money by command 7. checking account tied to investements such as stocks 11. Banks that deal with big corporations, stocks and bonds 12. An asset that can be used to transport purchasing power from one time period to another 16. _____ the debt occurs when government prints excessive amounts of money to pay debts 17. Interest rate that banks pay to the Fed to borrow from it 18. The deposits that a bank has at the Federal Reserve bank plus its cash on hand 19. money made of easily carried material has ______ 20. _______ department has the responsibility of paying the bills for the US 22. banks find that they have insufficient reserves and must therefore reduce their deposits by “_____” loans 23. The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling