Introduction to Banking

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Across
  1. 1. a written, dated, and signed draft that directs a bank to pay a specific sum of money
  2. 3. the total amount of money that a person or business can borrow from a bank
  3. 4. an asset that a borrower uses to secure a loan
  4. 6. the money available in a checking or savings account
  5. 9. an entry recording an amount owed
  6. 11. a location of bank, some banks have many of these
  7. 15. put money into a bank account
  8. 16. an amount that banks charge us for the provision of services such as making a transfer, managing an account, granting us a credit card
  9. 17. any funds moving in or out of a bank account
  10. 18. fail to fulfill an obligation, especially to repay a loan
  11. 19. automated teller machine
Down
  1. 1. accepted as a form of payment most places, usually made of plastic
  2. 2. an arrange made with a bank where someone can deposit and withdraw money
  3. 5. borrow money with the intention to pay back at a later date
  4. 7. a non-profit bank that usually has better interest rates
  5. 8. the monetary charge for borrowing money—generally expressed as a percentage
  6. 10. a list of all transactions for a bank account over a set period, usually monthly
  7. 12. small book containing preprinted paper instruments issued to checking account holders and used to pay for goods or services
  8. 13. occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway
  9. 14. removing funds from a bank account