Across
- 3. reseve system, the central bank of United States
- 5. deposit, the electronic transfer of a payment directly from the payer's bank account to that of a party being payed
- 7. institution, a firm that manages money
- 10. companies, provide loans specifically for buying a home or business
- 12. standard of value and a means of exchange or payment
- 14. firms, sell stocks and bunds and may also offer a wide range of financial services to their customer
- 16. funds set aside for emergencies such as rush of withdrawals
- 17. the money taken out of the bank
- 18. companies, not onlyprovide protection against problems such as fire and theft but also offer loans to people
- 20. goods pledge by borrower to use as security against a loan if its not repaid
Down
- 1. a rate that the bank pays customers for keeping their money
- 2. Funds Transfer, allows money to be transferred from one bank account to another through network of computers
- 4. loans associations, financial institutions that hold customers funds in interest barring accounts and invest mainly in mortgage loans
- 5. the money you put in a bank
- 6. box, a secur ebox in a bank's vault used for the storgae of a customer's valuables
- 8. banks, offer the entire range of banking services such as checking and savings account, loans, and financial advice
- 9. system, a system in which goods and services are directly exchange using money
- 11. an agreement in which a borrower gives a lender the right to take the property if the loan is not repaid
- 13. unions, not for profit banks and is set up by organnizations
- 15. companies, offer short term loans to businesses and consumers but at much higher interest rates than banks charge
- 19. account, a record of the amount of money a customer has deposited or withdrawed from a bank