Economics Homework #6

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