Economics Homework #6

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