Financial Literacy Vocab

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Across
  1. 5. A card from the bank that allows you to transfer money electronically.
  2. 7. Statement with information about your credit activity.
  3. 10. Amount of money you can spend.
  4. 12. Amount of money you pay to borrow money.
  5. 14. Document where a mortgage lender obtains proof from a borrower's banking institution.
  6. 18. Comparing prices to get the better deal.
  7. 19. Failure to fulfill an obligation.
  8. 20. A contract where somebody receives financial protection from something.
  9. 21. Something that is borrowed, expected to be paid back.
  10. 22. Money received, typically on a regular basis.
  11. 23. How likely someone is to pay back their line of credit.
Down
  1. 1. Things you need for survival vs things you only want.
  2. 2. Set aside money for savings before paying bills and other expenses.
  3. 3. Ability to borrow money because you're trusted to pay back.
  4. 4. Price paid for borrowing money.
  5. 6. Typically money that is owed.
  6. 7. Prediction of your future credit, using your previous credit activities.
  7. 8. Buys and sells stock on the behalf of investors.
  8. 9. Cash reserve set aside for unplanned expenses.
  9. 10. A process where somebody loses all their debt.
  10. 11. Spreading your investments into different asset classes.
  11. 13. Money that you originally agreed to pay back.
  12. 15. Concept that money today is worth more than money from tomorrow.
  13. 16. Anything you have that gives you money.
  14. 17. Not-for-profit institute where people can borrow money from.