Economics Homework #6

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