Banking Basics

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Across
  1. 4. a currency used to exchange for things
  2. 5. a borrowed sum of money often used to pay for higher education
  3. 8. an account that allows for easy access to your money
  4. 10. National credit union administration
  5. 13. combines the features of a savings account and a checking account
  6. 14. CD
Down
  1. 1. interest that increases by a percentage each month, and includes the interest from months prior
  2. 2. federal deposit insurance corporation
  3. 3. an account that lets you save money and earn interest
  4. 6. a usually unlicensed individual who lends you money, often in an attempt to earn more money themselves by cheating you or offering exorbitant interest rates
  5. 7. a borrowed sum of money
  6. 8. an organization that can loan you money and hold your money for you, is often more personalized than other options
  7. 9. a place where you can hold your money, get a loan, and generate interest on money in savings accounts
  8. 11. money that is added onto an amount owed or invested that is increased the longer the money spends in its position
  9. 12. a type of savings account that is often used as the base reference when comparing other savings accounts