Across
- 2. To take or receive money from someone else with the promise and plan to pay it all back later.
- 4. The official money used by a country to buy things, such as food, toys, or clothes. It is a system of paper bills and metal coins that everyone in that country agrees has value.
- 6. The interest rate on a loan or savings account is "locked in" and stays exactly the same for a set period.
- 9. When you borrow money from a person or a bank and promise to pay it all back later, usually with a little extra money added on.
- 12. A way to calculate extra money earned on savings or paid on a loan based only on the original amount borrowed or invested
- 13. When you use your money to buy something, hoping it will grow and become worth more money later on.
- 14. The external, community-based influences that shape how people think about, spend, and save money.
Down
- 1. A flexible type of loan from a bank that acts like a "pool" of money you can take from whenever you need it, up to a certain limit.
- 3. A flexible "safety net" bank account designed to help students pay for college or university expenses like tuition, books, rent, and food.
- 5. The "price" of money. It tells you how much of one country's money you can get in exchange for another country's money.
- 7. The extra money you either earn when you save money or pay when you borrow money.
- 8. An amount of money, an idea you follow to keep money safe or help it grow.
- 10. The various ways your family members influence your financial decisions, attitudes, and overall economic situation.
- 11. A financial tool that allows you to buy something now and pay for it later.