Economics M2L2 Vocabulary

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Across
  1. 4. money deposited in a bank for a specific amount of time; typically yields higher interest
  2. 8. businesses that operate to break even with their expenses; they do not make a profit
  3. 10. the central bank of the United States
Down
  1. 1. the term used to describe the financial center in New York City that is home to the New York Stock Exchange
  2. 2. a type of financial institution that started with members contributing funds for individuals to borrow to build homes; functions like a bank
  3. 3. money that is valuable because the government says that it is also known as legal tender
  4. 4. property used to secure a loan
  5. 5. a financial institution that operates to make a profit and usually has higher fees and lower interest than other types of banks
  6. 6. insurance that protects individual accounts in banks up to $250,000 in case of bank failure
  7. 7. a type of savings account that yields higher interest but usually requires a minimum balance
  8. 9. an institution for saving, sorting, and loaning money