Ch. 3 Lesson 8 Vocab

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Across
  1. 3. a card authorizing the user to buy goods and services with funds borrowed from the bank, store, or other business that issued the card
  2. 5. the amount of money borrowed, or the amount of money still owed on a loan, apart from the interest
  3. 7. a business whose main purpose is to receive deposits and make loans
  4. 8. a periodic payment for the use of borrowed funds; interest is paid on a loan
  5. 9. using money with the intention of making a financial gain
Down
  1. 1. a method of lowering risk by investing in a wide variety of financial assets
  2. 2. setting aside a portion of income for use in the future
  3. 4. a card authorizing the user to access his or her own funds on deposit in a bank account; a debit card can be used to buy goods and services or to withdraw money directly from an account
  4. 6. anything owned to which a market value can be assigned