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