Across
- 2. A financial institution that is licensed to accept checking and savings deposits and make loans.
- 4. The ability to understand and effectively apply various financial skills, including personal financial management, budgeting, and investing.
- 8. Debt is money you owe to another party, or a creditor.
- 9. A plan that details income and expenses over a period of time, to help support financial goals and money management.
- 10. Member-owned financial institutions that offer many of the same services as banks, but have other unique benefits, such as lower interest rates on loans.
- 11. A tool that allows you to borrow money to pay for goods and services with the agreement that you will pay the money back later, plus interest.
Down
- 1. The act of distributing resources into something to generate income or gain profits.
- 3. A three-digit number that summarizes your "creditworthiness," signaling to banks how likely you are to repay borrowed money on time.
- 5. The ability to borrow money or access goods or services with the understanding that you'll pay later.
- 6. A payment card that deducts money directly from a consumer’s checking account to purchase goods or services.
- 7. A share of ownership in a company, with each individual unit of that ownership being called a "share.