Econ - Crossword Labs

4. A bank that issues banknotes and coins and controls a country's monetary system
5. what people exchange money for
7. one of the characteristics of money where it doesn't break easily
9. a form of payment that is a written order from the drawer to their bank to pay a specific amount to the drawee
10. The act of placing money in the bank for safekeeping
13. something that the central bank manages for the total money a government owes to its creditors
14. the main aim of a commercial bank
16. an initial payment where you only pay a portion of the total price upfront
18. Being able to turn an asset into cash quickly without a loss
19. a sum of money that is borrowed and expected to be payed back with interest

1. When a bank allows a customer to spend more then what is in their sccount
2. Anything that is generally accepted as a means if payment for goods and services is called..
3. The charge paid by borrowers for the use of money
6. provides advice and help with a number of financial matters
8. A bank account that allows customers to be withdrawn anytime
9. Money in the form of notes and coins
11. A plastic card that allows customers to acces their money straight from the bank
12. A bank account where money is saved and earns interest
15. the alternate name of a commercial bank
17. the money you have left after paying mandatory taxes