Across
- 7. banking system that keeps only a fraction of funds on hand - lends remainder
- 10. the price paid for the use of borrowed money
- 11. failure to pay back a loan
Down
- 1. the ability to be used as or directly converted to, cash
- 2. a specific type of loan that is used to buy real estate
- 3. the money in checking accounts
- 4. nonprofit bank owned by its members
- 5. a fund that pools money from small savers to purchase short-term securities
- 6. the amount of money borrowed
- 8. interest paid on both principal and accumulated interest
- 9. interest paid only on principal