Banking Products & Services: Part 3

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Across
  1. 2. an individual or firm that acts as a middleman between an investor and a securities exchange, usually buying or selling securities for investor clients
  2. 4. the process of comparing transactions and activity to supporting documentation
  3. 5. financial institutions that provide risk management services by offering coverage against potential financial losses through various insurance policies
  4. 6. interest interest added to principal- interest earned on interest
  5. 8. an individual who receives a benefit that's typically a monetary distribution
  6. 9. the price you pay to borrow money or the return earned on savings and investments
  7. 11. a discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of racial and ethnic minorities
  8. 13. worth total assets minus total liability; what I own minus what I owe
  9. 14. a financial principle that states the value of a dollar today is worth more than the value of a dollar in the future
  10. 15. yourself first automatically route money from paycheck to savings (before paying bills)
Down
  1. 1. provides loans to prospective home buyers
  2. 3. a wide variety of investments, such as stocks, bonds
  3. 7. the degree of ease in which assets can be sold; how fast can you turn an asset to cash
  4. 10. amount paid for an insurance policy
  5. 12. spreading your money among various investments in the hope that if one investment loses money, the other investments will more than make up for those losses