Chapter 2: Financial Institutions
Across
- 4. Money placed or transferred into a bank account.
- 7. A business or organization that is owned by its members who cooperate to run the organization.
- 8. A security that gives the purchaser part ownership in the company, known as equity.
- 9. Represents money a government or company has borrowed from the bond holder.
- 11. The person or thing covered by an insurance policy.
Down
- 1. A fee, such as the kind charged by a stock broker for placing an order.
- 2. Instead of paying profits to shareholders, money made by non-profit credit unions is returned to its customers.
- 3. Financial instruments that pay interest or give the investor part ownership of the company.
- 4. A payment.
- 5. An investor who expects to make a return from their investment in stock.
- 6. Periodic payments made to purchase an insurance policy.
- 10. Arranges for depositors to maintain their insured funds in the case of bank failure. Depository institutions pay premiums to this fund in order to pool their money and share risk.