Ch 3 Lesson 8 Vocab

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