Across
- 1. something you apply for and are awarded based on talents, grades, or other circumstances. They do not need to be paid back.
- 5. borrowing money from a private bank or the federal government for schooling
- 8. takes a loan from a bank and agrees to repay the loan back over time. The borrower pays interest on the loan.
- 9. a transaction in which a sum of money is put into a bank account by the owner of the account.
- 11. keeps track of the deposits, withdrawals, and transfers within an account.
- 12. displays an individual’s history of borrowing and paying back money. Lender’s use this to determine if the borrower is financially responsible to pay back money.
Down
- 2. a person who buys goods and services
- 3. a person or financial institution that lends money. In return, the lender charges interest in order to earn money from the loan.
- 4. money can be transferred between accounts that are owned by the same account owner
- 6. a card issued by a financial company to borrow money that you will repay later
- 7. a transaction in which money is subtracted from a bank account by the account owner.
- 10. amount of money given, and it is usually based on a finished need. It does not need to be paid back.
- 13. a card issued by a bank or other financial institution to immediately transfer your own money out of your account