Economics Homework #6

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