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Answer:

Across
2a medium of exchange whose value derives entirely from its official status as a means of payment.
3a claim on a bank that obliges the bank to give the depositor his or her cash when demanded.
4the sum of currency in circulation and bank _____.
6the total value of financial assets in the economy that are considered money.
7a requirement to pay income in the future.
Down
1a paper claim that entitles the buyer to future _____ from the seller. Loans, stocks, bonds, and bank deposits are types of financial assets.
5currency held by banks in their _____ plus their deposits at the Federal Reserve.
 
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Created by: fratrik
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