Money in America 　　Money is used to buy goods or services and (1)_________debts.　　 (1)_________ In America, money supply consists of (2)_________(paper　 　　 (2)_________ money), coins, and demand deposits [(3)_________].　　　　　 　　　 (3)_________ 　　In a modern credit economy, money must possess two most important attributes: acceptability and (4)_________. It also　　　 (4)_________ has two legal attributes: legal tender and (5) _________　　　　　　　　　 (5)_________ 　　Money performs four main functions: a. standard of value; b. (6)_________;　　　　　　　　　 　　　　　　　　 　　　　　　　　　　　　　　　　(6)_________ c. store of value;　d. standard of deferred payment. 　　There are three partially conflicting theories of value for explaining the (7)_________in the value of American money,　 　　　　　　　　　　　　　　　(7)_________ namely the commodity, quantity and income theories. 　　Coins are credit money or (8)_________money whereas　　　　　　　　　　　　　　　 (8)_________ paper money consists of Federal Reserve notes. Demand deposits are supplied depending on a bank’s total (9)_________　　　　　 　　　　　　 (9)_________ reserves. 　　The Federal Reserve, or Fed, as a central bank, (10)_________and 　　　　　　　　 (10)_________ controls the nation’s money supply and credit.