Across
- 5. (2 words) interest calculated on the principal and accumulated interest
- 7. a slip of paper that provides written instructions to a bank to pay an amount to the person or organization named
- 9. a machine, found in such places as banks, malls, variety stores, and grocery stores, which allows the use of a bank card to withdraw money
- 10. money taken out of a bank account
- 12. (2 words) per year
- 13. (2 words) the time for which compound interest is calculated, such as monthly or semi-annually
- 16. (2 words) a bank card used to pay for purchases where the money is transferred by computer from the purchaser's bank account to the store's bank account
- 17. a debit or credit in a bank account or by credit card
Down
- 1. (2 words) a bank account that permits the writing of cheques; the type used by most people for transactions
- 2. put money in a bank account
- 3. (of an investment) an original sum of money invested or lent.
- 4. (of an investment) the principal that was invested plus the interest earned
- 6. (2 words) interest calculated on the principal using the formula I=Prt
- 8. (2 words) a large collection of stock and/or bonds owned by many people, who purchase units, and administered by a fund manager
- 11. a fee charged/paid for borrowing/loaning money, usually a percent of the amount of money involved
- 14. (Guaranteed Investment Certificate)an investment where the interest rate remains the same for a set time
- 15. to set money aside and put it to work to earn more money over the long term