Cost of Money

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Across
  1. 1. The quantity of goods and services a person can buy with a given amount of money.
  2. 5. The number of years it takes for your money to double.
  3. 7. The central bank for the United States, charged with enforcing monetary policy.
  4. 8. A dollar today is worth more than a dollar tomorrow.
  5. 9. A charge for borrowing money.
  6. 10. Interest calculated on only the initial principal amount.
Down
  1. 2. Percentage reward or payment over a period of time that is given to savers or paid by borrowings on savings or loans.
  2. 3. Interest earned on both the initial principal and the interest reinvested from prior periods.
  3. 4. The original amount borrowed.
  4. 6. Shows how much credits costs you on a yearly basis, expressed as a percentage.