Understanding Economics Chapter 11.2

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Across
  1. 2. principal of a bond or total amount borrowed
  2. 6. retirement account in the form of a long-term time deposit, with annual contributions not taxed until withdrawn during retirement
  3. 7. United States government obligation with a maturity of 2 to 10 years
  4. 9. not subject to tax by federal or state governments
  5. 14. a type of investment, often tax exempt, issued by state and local governments; known as munis
  6. 15. bond’s annual coupon interest divided by purchase price; measure of a bond’s return
  7. 16. United States government bond with maturity of 30 years
  8. 18. a market in which financial capital is loaned and/or borrowed for one year or less
Down
  1. 1. market in which financial capital is loaned and/or borrowed for more than one year
  2. 3. person designated to take ownership of an asset if the owner of the asset dies
  3. 4. market in which only the original issuer can sell or repurchase a financial asset; government savings bonds, IRAs, small CDs
  4. 5. stated interest on a corporate, municipal or government bond
  5. 8. life of a bond or length of time funds are borrowed
  6. 9. short-term United States government obligation with a maturity of 4, 13, 26, or 52 weeks and a minimum denomination of $100
  7. 10. market in which all financial assets can be sold to someone other than the original issuer; corporate bonds, government bonds
  8. 11. exceptionally risky bond with a Standard & Poor’s rating of BB or lower that carries a high rate of return as compensation for the higher possibility of non-payment
  9. 12. low-denomination, non-transferable bonds issued by the federal government, usually through payroll savings plans
  10. 13. to balance higher levels of risk with a larger payoff
  11. 17. formal contract to repay borrowed money and interest on the borrowed money at regular future intervals