Economics Review Guide #2

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Across
  1. 1. Loan that is backed up by collateral.
  2. 3. The inability to pay debts with your income.
  3. 5. The amount originally borrowed.
  4. 6. Rates that start low for a set amount of time and then increase dramatically.
  5. 7. The five determinants of demand
  6. 8. The size of your personal wealth.
  7. 9. A decline in value over time.
  8. 12. The schedule of quantities that would be offered for sale at all given prices in a market.
  9. 15. Fees involved in arranging for a mortgage or transferring ownership.
  10. 16. A long-term contract describing the terms under which property is rented.
  11. 17. The desire, ability, and willingness to buy a product.
Down
  1. 1. The change in quantity demanded because of the change in relative price of the product.
  2. 2. The change in quantity demanded because of a change in the consumer’s real income when the price of a commodity changes.
  3. 4. The receiving of funds either directly or indirectly to buy things now with the promise to pay for them later.
  4. 10. People who make goods or offer services.
  5. 11. The amount you must pay for using someone else’s money.
  6. 13. The largest form of installment debt in the U.S.
  7. 14. Loan that is only guaranteed by a promise.