Across
- 4. money deposited in a bank for a specific amount of time; typically yields higher interest
- 8. businesses that operate to break even with their expenses; they do not make a profit
- 10. the central bank of the United States
Down
- 1. the term used to describe the financial center in New York City that is home to the New York Stock Exchange
- 2. a type of financial institution that started with members contributing funds for individuals to borrow to build homes; functions like a bank
- 3. money that is valuable because the government says that it is also known as legal tender
- 4. property used to secure a loan
- 5. a financial institution that operates to make a profit and usually has higher fees and lower interest than other types of banks
- 6. insurance that protects individual accounts in banks up to $250,000 in case of bank failure
- 7. a type of savings account that yields higher interest but usually requires a minimum balance
- 9. an institution for saving, sorting, and loaning money