Across
- 3. banks established, owned, and operated by people who work for a single company or belong to a single organization
- 6. person named in a life insurance policy who receives the money if the policy holder dies
- 7. deducting the interest on a loan in advance
- 14. health insurance program that provides money to help states pay medical costs of people with low incomes
- 15. health insurance program for U.S. citizens ages 65 and older
- 16. people who are owed money
- 18. large number of stocks owned in shares by many people
- 20. loans that are repaid over a short period of time
- 21. form of savings, where the savers invest a certain amount of money for a specified period of time and collect interest when the CD matures
- 22. where shares are bought and sold
- 24. government programs that protect individuals from future hardship
Down
- 1. loans payable over long periods
- 2. voluntary insurance that individuals and companies pay to cover unexpected losses
- 4. system of social insurance set up in 1935
- 5. banks begun in the mid-1800s to help people purchase homes
- 8. coins and paper money
- 9. property used to guarantee repayment of a loan
- 10. people employed by brokerage houses to buy and sell stocks fro customers
- 11. system established by Congress in 1913 to handle that banking needs of the federal government and provide services to its member banks while regulating the U.S. banking system
- 12. rate of interest charged to member banks by the Federal Reserve
- 13. legal declaration that a person or business cannot pay debts owed
- 17. mutual funds that buy short-term bonds
- 19. system of spreading risks over large numbers of people
- 23. small amount paid for protection against risk