Economics Homework #6

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