Across
- 2. The ease with which assets can be converted to cash
- 7. method of lowering risk of investing
- 11. card that used to buy things with borrowed funds
- 13. Anything owned with a market value
- 15. banks keep a portion of deposits and loan the rest
- 16. payment for the use of borrowed funds
Down
- 1. a plan for spending and saving
- 3. allows a person to buy something and pay over time
- 4. firms like banks, and stock brokers
- 5. the total amount of money in the economy
- 6. An investment that represents a loan with fixed rate
- 8. borrower agrees to repay borrowed money with interest
- 9. currency not backed by gold or silver
- 10. any good used as money like gold or silver
- 12. Money borrowed to buy a house or other real estate
- 14. A business that receive depots and make loans