Across
- 4. also known as internet banking; all transactions done online; no physical location
- 6. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
- 9. the dollar value of a person’s liabilities is larger than the value of their assets
- 11. a written plan for giving, saving, and spending
- 13. a financial institution licensed to receive deposits and provide financial services
- 14. how quickly you can access the money in an account or the value of an asset without a penalty or fee
- 16. a person or organization that uses a product or service
- 18. for-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services
- 19. a savings account set up specifically to be used to cover financial emergencies
Down
- 1. an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
- 2. the dollar value of a person’s assets is greater than the dollar value of their liabilities
- 3. the additional cost a lender charges for borrowing their money
- 5. all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
- 7. nonprofit financial institutions that are owned and operated by their members; offer deposit accounts and lending services similar to a retail bank but at a lower cost
- 8. an option offered by banks to cover overspending an account and then charge a fee for it
- 10. money owed to another person or company
- 12. money received for work, as a gift, or through investments
- 14. person or entity that charges borrowers interest rates above an established legal rate
- 15. the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively
- 17. a penalty charged if the account holder spends more than their account balance, causing the available balance to go below zero