Money and Financial Institutions
Across
- 6. money - money in the form of a computer entry at a bank or other financial institution.
- 11. of value - a way to tell how much a good or service is worth.
- 12. of deposit (CD) - a timed consumer loan to a bank that states the amount, due date, and rate of interest.
- 13. - strong enough to stay in use for some time.
- 14. union - a nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services to its members.
- 16. account - an account that pays interest on deposits but allows only limited withdrawals.
- 17. - easy to carry around.
- 18. account - an account from which deposited money can be withdrawn at any time.
- 20. - electronic money not issued or managed by any country or central bank.
Down
- 1. - to trade a good or service for another good or service.
- 2. supply - an object used as money must not be too easy to make.
- 3. - easy to divide into smaller amounts.
- 4. - metallic form of money, such as a penny.
- 5. - money that customers put into a financial institution.
- 7. bank - a financial institution that offers the most banking services to individuals and businesses.
- 8. - anything that a group of people accepts as a means of exchange.
- 9. - a means of doing something.
- 10. insurance program - a government-backed program that protects bank deposits up to a certain amount if a financial institution fails.
- 15. of value - money kept as wealth until it is needed later.
- 19. - money; both coins and paper bills.
- 21. bank - a banker’s bank that can lend to other banks in time of need and can regulate the money supply.