Unit 4 Econ

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Across
  1. 3. this form of payment is all digital and does not have a stable value which can result in loss
  2. 4. This is not bank, but they give out loans with very high interest rates
  3. 7. this the credit activity and history (two words no space)
  4. 9. This refers to the transfer of money, goods, services in exchange for goods and services
  5. 10. this is the monetary value that takes inflation into consideration
  6. 11. this form of payment is still the most widely used, but a con is that it does not keep a digital record
  7. 12. this is also known as interest on interest
  8. 15. This place offers a safe place to store money, deposit money, get a loan, and more!
  9. 16. this is the 3 digit number that represents your credit worthiness (two words no space)
  10. 17. this interest is only paid on the principal
  11. 18. This is the monetary value at the current rate
Down
  1. 1. There is no core value to money because it's only a piece of paper (two words no space)
  2. 2. this is a legal process to declare that you are unable to pay your debts
  3. 5. Annual percentage rate
  4. 6. This place will give you a loan with high interest for collateral (two words no space)
  5. 8. owning a wide variety of investments with different characteristics to reduce large losses of money
  6. 13. You need to be a __________ to open up a credit union bank account
  7. 14. the monetary charge for the privilege of borrowing money