Economics Homework #6

12345678910
Across
  1. 3. the price paid for the use of borrowed money
  2. 4. interest paid on both principal and accumulated interest
  3. 6. a fund that pools money from small savers to purchase short-term securities
  4. 8. the ability to be used as or directly converted to, cash
  5. 9. interest paid only on principal
  6. 10. a specific type of loan that is used to buy real estate
Down
  1. 1. the money in checking accounts
  2. 2. banking system that keeps only a fraction of funds on hand - lends remainder
  3. 4. nonprofit bank owned by its members
  4. 5. the amount of money borrowed
  5. 7. failure to pay back a loan