Economics Personal Finance Crossword

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Across
  1. 3. a person who relies on another, especially a family member, for financial support. This person can be used as a tax deduction on federal income taxes to lower the amount of taxable income a person made in a year.
  2. 6. Fee for exceeding the amount of money that you have in your account at the bank. The bank will notify you if a check is returned to the person or company to whom it was issued because there were insufficient funds in the account. Your bank will charge a processing fee to your account because of the cost to return the check. Merchants might also charge a fee if a bounced check is used to purchase goods or services. The fee charged is usually posted near the cashier.
  3. 8. the minimum dollar amount that must be paid each month
  4. 12. Contract that requires a health insurer to pay all or part of your health care costs in exchange for a premium.
  5. 13. the cost of credit. It includes interest, service charges, and transaction fees
  6. 14. the number of days you have to pay your balance before a creditor starts charging interest, usually 25 days.
  7. 15. something pledged as security for repayment of a loan, to be forfeited in the event of a default.
  8. 16. money that is charged to your account if you do not pay the card off at the end of each month
Down
  1. 1. money that is charged to your account for the privilege of using a company’s credit card.
  2. 2. calculated by taking the amount of money that you made subtracted from the amount of taxes that were taken out.
  3. 4. Fees or the amount that you have to pay at regular intervals.
  4. 5. the total dollar amount of purchases made on a credit card or balance remaining on a loan, not including interest or other fees
  5. 7. money charged to a person’s account if payment is not paid in full on or before the due date
  6. 9. an interest rate applied to your balance to calculate the finance charge
  7. 10. The bank charges a fee each month just for having the account. You might also be charged a fee if your balance drops below the required minimum.
  8. 11. a useful or valuable thing, person, or quality.