Chapter 10 Personal Finance

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Across
  1. 3. A business that sells coverage in the form of a contract or policy that provides compensation or replacement in the event of loss
  2. 4. A company that issues credit cards to consumers and services their accounts
  3. 6. Regulates and supervises the credit union system to promote confidence in the national system of cooperative banking
  4. 10. A firm that provides accounting, tax, and auditing services for a fee
  5. 11. A commercial or investment financial institution. Commercial banks accept deposits, process payments, and make loans. Investment banks offer services in buying and selling securities and help companies go public with their stock.
  6. 13. A cooperative financial institution, similar to a bank, usually controlled by its members
  7. 14. An agency, also known as a savings and loan company, that functions in a similar capacity to banks and credit unions but focus more heavily on mortgages
  8. 16. A company in which licensed agents perform tasks such as helping homeowners price their homes for sale, manage the property sale, show homes to prospective buyers, and market properties
  9. 18. A deposit account that allows for deposits and withdrawals.
  10. 20. A firm that brings buyers and sellers of stock and other securities together and facilitates transactions for a fee
  11. 21. Regulatory organization created to protect US investors by maintaining fair markets
Down
  1. 1. Agency created by Congress to provide insurance for depositors’ accounts up to a value of $250,000
  2. 2. An act developed to protect consumers engaging in electronic fund transfer
  3. 5. An account that provides security for depositors’ money and pays very modest interest
  4. 7. A digital way of making financial transactions with banks or other financial institutions
  5. 8. When a thief has access to your private information and uses it to commit fraud
  6. 9. When members of a bank are also owners and have a role in how the organization services members
  7. 12. Economic service provided by a range of organizations that manage money, such as banks, insurance companies, credit unions, investment companies, credit card companies, and real estate companies
  8. 15. A professional who offers advice and money management services, such as investing, insurance, college savings, mortgages, taxes, retirement, and estate planning, to clients
  9. 17. The lifespan of a security, or the termination date of a savings or investment
  10. 18. A low-risk and, therefore, low-return investment that usually pays a higher interest rate than a traditional savings account
  11. 19. A firm that invests in stocks, bonds, and other securities on behalf of their clients and manages client accounts