Across
- 2. insurance that protects your belongings from theft and destruction
- 5. investments that represents ownership in business (risky)
- 6. investment that represents a loan to gov’t or corporation (low risk)
- 8. used when a person is sick
- 10. a collections of securities chosen and managed by a group of professional fund managers
- 11. more money is taken out based on a larger pay check (federal tax)
- 13. The amount of money borrowed, or the amount of money still owed on a loan
Down
- 1. all social classes pay the same percentage
- 3. occurs when benefits outweigh the cost
- 4. A periodic payment for the use of borrowed funds.
- 7. risk transfer to a third party
- 9. smaller amount of money take out of pay check (sales tax)
- 12. A business whose main purpose is to receive deposits and make loans.