Economics Homework #6

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Across
  1. 2. the money in checking accounts
  2. 4. nonprofit bank owned by its members
  3. 6. failure to pay back a loan
  4. 7. banking system that keeps only a fraction of funds on hand - lends remainder
  5. 10. the amount of money borrowed
  6. 11. the price paid for the use of borrowed money
Down
  1. 1. a fund that pools money from small savers to purchase short-term securities
  2. 3. interest paid only on principal
  3. 5. a specific type of loan that is used to buy real estate
  4. 8. interest paid on both principal and accumulated interest
  5. 9. the ability to be used as or directly converted to, cash