(a)   term describes low cheaply and easily an asset maybe converted into a medium of exchange.

(a)   is the exchange of goods and services without the use of money.

Barter transactions require a (a)   and it will make the transactions happen.

The values of goods and services are stated in units of (a)   , just as time is measured in minutes and distance in feet.

(a)   is a means of storing today's purchasing power to purchase, say, a house or a car tomorrow.

Money serves as a (a)   , that is, a payment that is deferred to the future is usually stated as a sum of money.

(a)   money is that type of money which is backed by a commodity such as gold but is valuable as money because of government pronouncement.

A type of commodity money in which the commodity itself circulates as money is called (a)  

(a)   money is paper money that represents a claim to a specific quantity of some commodity

(a)   type of money is used in the United States today.

Four physical properties of money are (a)  

The concept of 'safe place' to store money ultimately evolved into the (a)   of today.

The two types of bank notes issued in the United States are (a)  

When the banks held gold and silver in their vaults to cover all possible redemption of bank notes and demand deposits, it is called (a)  

(a)   is a situation in which a bank cannot redeem its deposits on demand.

In (a)   , the bank's assets - the value of its reserves and the loans it has made are less than its liabilities i.e the value of the deposits it has accepted.

Financial markets link savers and (a)  

Indirect finance involves a particular type of middleman - a third party who stands between the borrower and the lender. This middleman is called a (a)  

When a saver lends his or her funds to a diverse group of borrowers so that all is not lost if one or even several borrowers default is known as (a)