Across
- 5. a transaction in which a lender gives money to a borrower, who agrees to repay the money at some point in the future
- 6. a card authorizing the user to buy goods and services with funds borrowed from the ban, store, or other business that issued the card
- 9. a card authorizing the user to access his or her own funds on deposit in a bank account
- 11. the amount of money borrowed, or the amount of money still owed on a loan, apart from the interest
- 14. a business whose main purpose is to receive deposits and make loans
- 15. any good used as a medium of exchange
- 17. the ease with which assets can be converted into cash
- 18. items of value that can be used as cash or easily converted into cash
- 20. money borrowed by a business to pay expenses
- 21. an asset similar to money, such as savings account, that serves as a store of value but cannot be used to buy things directly
- 24. a business, such as a bank, that brings together savers (sellers) and borrowers (buyers) in financial markets
- 28. money borrowed by an individual to make major purchases
- 29. checks that can be used like cash by travelers to pay for goods and services
- 30. a signed form instructing a bank to pay a specified amount to a person or business named on it
- 31. the chance of losing money or of failing in some way
Down
- 1. a system in which banks keep a portion of deposits in reserve and make loans with the rest
- 2. money in bank checking accounts
- 3. an arrangement that allows a person to buy something with borrowed money and pay for it later over time
- 4. currency not backed by gold or sliver
- 7. the total amount of money in the economy
- 8. the record of a person's borrowing and repayment of loans
- 10. an early form of paper currency, issued by banks to clients who made deposits of gold or silver
- 12. anything owned to which a market value can be assigned
- 13. money borrowed to buy a house, an office building, land, or other real estate
- 16. the transfer of funds from one bank or account to another as a result of cashing a check
- 19. the value of a unit of money in terms of what it can buy
- 20. any good used as a medium of exchange
- 22. a periodic payment for the use of borrowed funds
- 23. setting aside a portion of income for use in the future
- 25. borrowed money that is typically paid back in equal monthly payments
- 26. currency that must be accepted as money for purchases and as payment for debts
- 27. bills and coins circulating in the economy