Ch 3 Lesson 8 Vocab

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