Economics Homework #6

12345678910
Across
  1. 3. a fund that pools money from small savers to purchase short-term securities
  2. 4. interest paid on both principal and accumulated interest
  3. 5. interest paid only on principal
  4. 6. the amount of money borrowed
  5. 7. the money in checking accounts
  6. 9. the ability to be used as or directly converted to, cash
Down
  1. 1. nonprofit bank owned by its members
  2. 2. banking system that keeps only a fraction of funds on hand - lends remainder
  3. 3. a specific type of loan that is used to buy real estate
  4. 8. the price paid for the use of borrowed money
  5. 10. failure to pay back a loan