Banking_Basic_Nirav Patel

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Across
  1. 4. The main function of banking, which creates credit by loaning money.
  2. 6. Money placed in a bank account.
  3. 7. The cost of borrowing money, or the money paid to a bank for using their money.
  4. 10. A facility allowing a customer to withdraw more money than is in their account.
  5. 12. RATE The minimum rate set by a bank for lending.
  6. 13. A written note directing a bank to pay a specific amount of money.
  7. 15. A financial institution that accepts deposits and provides loans.
  8. 16. An asset pledged as security for a loan.
Down
  1. 1. GAIN The profit from selling an asset, such as stocks or real estate.
  2. 2. The total amount of credits minus debits in an account.
  3. 3. To take money out of a bank account.
  4. 5. An electronic fund transfer system in India that operates in batches (Abbr.).
  5. 8. Borrowed money that is repaid over time with interest.
  6. 9. CARD A type of card that allows for payments directly from a checking account.
  7. 11. A high-value, real-time fund transfer system (Abbr.).
  8. 14. The mandatory process of verifying a customer's identity to prevent fraud (Abbr.).
  9. 17. An electronic machine that allows bank customers to perform transactions without a teller.