chapter 3 lesson 8 vocab quiz

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Across
  1. 3. A financial institution that accepts deposits, creates credit, and provides basic financial services like loans and savings accounts.
  2. 5. The original amount of money borrowed on a loan or the initial amount invested, excluding interest.
  3. 7. Anything of value owned by an individual or business that can be converted into cash.
  4. 8. A payment card that deducts money directly from the user's checking account to pay for immediate purchases.
  5. 10. Setting aside a portion of income in a safe account for future use or emergencies.
  6. 11. The exact date when a debt instrument, note, or bond becomes due for full repayment of principal.
  7. 13. A security that represents fractional ownership in a corporation, giving the holder a claim on part of its earnings.
Down
  1. 1. A risk management strategy of spreading investments across various assets to reduce overall financial risk.
  2. 2. Value The stated face value of a bond or stock set by the issuer, representing the amount paid back at maturity.
  3. 3. Fixed-income loans made by an investor to a corporate or government issuer in exchange for periodic interest.
  4. 4. The total earnings or return received on an investment, usually expressed as an annual percentage of its cost or face value
  5. 6. The cost of borrowing money or the earnings paid to you for keeping money in a deposit account.
  6. 9. A payment card that lets users borrow money from an issuer to purchase goods with a promise to pay later.
  7. 12. Allocating money or resources into financial assets or projects with the expectation of generating a profit.