Economics Money and Banking

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Across
  1. 5. when an individual borrows money to satisfy their own need or want
  2. 7. When a business borrows money to expand their output by increasing the quantity of quality of their factors of production
  3. 10. corporations that provide services as financial intermediaries for different monetary transactions.
  4. 12. a type of card where the money is drawn directly from your account
  5. 14. this is a way to use your property as a guarantee for a loan to get money
  6. 16. currency or coins (legal tender) that can be exchanged for goods and services.
  7. 17. a type of card where you 'borrow' money while making a transaction. You pay your bills for this card at the end of each month.
  8. 18. money kept for safekeeping in a financial institution
  9. 19. an arrangement in which a third party is allowed to transfer money from a person's account on specific dates usually in order to pay bills
  10. 20. component of the economy which provides short term funds
  11. 21. percentage of the loan which is charged as interest to the borrower, or provided to the saver
  12. 22. an interest-bearing deposit account for long term needs
Down
  1. 1. 'Loans' issued by a country's government which will be provided by the people to encourage/increase government spending. Their money will be returned after a period of time with interest.
  2. 2. a form of money which does not necessarily have an inherent physical value. E.g. bonds, stocks, bank deposits
  3. 3. a banking system that is governed by Shariah Law. It ensures fairness for all, is based on profit-sharing and does not charge interest.
  4. 4. When the money withdrawn from an account exceeds what is in the current account.
  5. 6. a type of cash which can easily and quickly be converted into money
  6. 8. an item which has an exchange value and has a material existence. Also known as tangible assets.
  7. 9. a percentage of ownership in a company or financial asset, entitling the holder to a proportion of the profits.
  8. 11. a financial services company which advises theconsumers firms and the government on transactions.
  9. 13. a financial institution which maintains accounts and provides loans to the public and the companies. Also known as a high-street bank
  10. 15. an account where the money can be withdrawn without notice. It is an active account which is made for frequent deposits and withdrawals.