Across
- 5. type of market where prices are moving down
- 7. a loan to buy a house
- 8. IRAs and 401(k) plans help people save money for what
- 11. very risky bonds; you may not get your money back but the interest rate is very high
- 12. Type of bond issues by state or local government
- 15. paper money
- 16. central bank of the United States
- 19. total amount borrowed
- 20. this type of money has an alternative use as an economic good
- 21. acronym for the government agency that insures that you will get your money back if the bank fails
- 23. limited supply
- 24. a situation where the outcome is not certain
- 25. can be divded so that you can always have the right amount to spend
- 26. market in which a transaction is made at current prices
- 27. easy to transfer
- 29. payment made for the use of borrowed money
- 30. an agreement to borrow money, pay it back later, and pay interest in the meantime
Down
- 1. A bank that can lend money to other banks
- 2. a way to take money directly out of your checking account
- 3. person who owns a small portion of a corporation
- 4. rate of interest paid on a bond
- 6. an interest-bearing loan that you make to a bank
- 7. a company that sells shares of a diversified portfolio of stocks and bonds
- 9. another name for stocks
- 10. amount borrowed when getting a loan
- 12. life of a bond / length of time that money is borrowed
- 13. type of stock market where prices are moving up
- 14. this type of money only has value because the government says so
- 16. an agreement to buy or sell at a specific time in the future at a specific price
- 17. a bank account with some restrictions on how to use it; pays higher interest rates
- 18. spreading your money over a large variety of investments to reduce your overall risk
- 20. a bank account that lets you make purchases in any amount up to the amount you have deposited
- 22. nonprofit bank
- 28. trade