Chapter 2

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Across
  1. 1. ___ account used by depositors to accumulate money for future use
  2. 4. ____banks largest category of deposit institution
  3. 6. the use of long term savings to earn a financial
  4. 7. interest earned both on the initial deposit and on the interest earned by the initial deposit
  5. 9. written order for the bank to pay a specific amount to the person or organization
  6. 11. bond is a security that pays interest over terms of ten to thirty years
  7. 12. money for real estate and equipment etc
  8. 16. putting money aside so it will be available when you need it
  9. 18. note is a security that pays interest over terms ranging from two to ten years
  10. 19. currency can be in money or ____
  11. 20. money property that maintains value over time
  12. 21. ____firm financial institution that is involved in trading securities in financial markets
  13. 23. people who do the work
  14. 24. money can be saved and used at a later date
  15. 26. ____bank financial institution that provides services for businesses
  16. 29. the federal reserve is divided in ____ districts
  17. 30. ____institution any organization that provides services related to money
Down
  1. 2. a financial investment issued by a corporation, government, or other organization
  2. 3. ___deposit is a type of EFT transaction; money is deposited directly into a customer’s checking account
  3. 5. document guaranteeing payment of a specific amount of money
  4. 8. ____policy is action taken to manage supply of money and interest
  5. 10. ___cards Customers are required to apply for
  6. 13. ___company for-profit businesses that sell insurance products
  7. 14. limited liability for shareholders
  8. 15. ___company is a financial institution that makes money by issuing loans; loan company
  9. 17. ___card allow customers to pay for purchases and withdraw cash
  10. 22. nonprofit financial institution that is privately owned and provides banking services for its members
  11. 25. ___of credit is a document guaranteeing that a buyer will pay the seller the agreed-upon amount and within the time specified
  12. 27. anything of value that is accepted in return for goods or services
  13. 28. unit of ___ that is money is a common measure of the worth of a goods/service
  14. 31. ___ account is a bank account that allows the account owner to make deposits, write checks, and withdraw money