Across
- 1. A method for sending funds directly and quickly between bank accounts, often used for immediate and large transactions.
- 4. A form of payment that is dated and signed by the payor, directing the payor's bank to pay a specific amount of money to the payee the check is written.
- 7. - The official form of money in ac
- 9. A software-based system that securely stores users' payment information and passwords for numerous payment methods and websites, enabling transactions to be made electronically through a computer or smartphone.
- 12. An electronic method of payment where the funds are deducted directly from the card owner's bank account.
- 15. - A network for processing electronic financial transactions in batches, enabling efficient and cost-effective direct deposits and payments. Blockchain: An unchangeable, decentralized, digital ledger distributed across a network of computers.
- 16. Money - A form of money that has intrinsic value due to its physical properties.
- 19. The study or use of techniques to scramble or hide data, and validate messages and digital signatures, in order to secure digital information.
- 20. Transactions where goods, services, or assets are traded between parties, usually involving money as a medium of exchange.
- 23. A deposit account that allows for easy and frequent cash deposits and withdrawals.
- 24. - A medium of exchange that facilitates the buying and selling of goods and services in an economy.
- 25. An instrument that represents a standard and agreed upon value, used to purchase goods and services and to pay debts.
- 26. Physical forms of money, such as banknotes and coins, that serve as a medium for exchanging goods and services.
- 27. The individual or entity that receives a payment from another party.
- 28. An asset that maintains its value over time without depreciating significantly
- 29. A check that cannot be processed due to insufficient funds in the bank account it's drawn from (the payor’s), leading to its rejection by the bank and a return to the issuer (payor).
Down
- 2. An electronic transfer of money.
- 3. - A monetary system where a country's basic unit of currency equals a certain quantity of gold.
- 5. - An aspect of money, whereby a government officially sanctions it for the payment of debts, taxes, and other financial obligations.
- 6. - Money issued by governments, not backed by physical commodities like gold and silver, but by trust in the issuer.
- 8. The act of creating, altering, or imitating objects, documents, or signatures, with the intent to deceive or defraud by passing off the forged item as genuine.
- 10. Where goods and services are exchanged directly for other goods and services without a medium of exchange, like money being used.
- 11. An individual or entity responsible for making a payment to another party
- 13. Occurs when an account's balance goes below zero, due to transactions exceeding the available funds, resulting in a negative balance.
- 14. - The actual, inherent worth of something, based on its fundamental properties and/or usefulness, independent of its market price.
- 17. An electronic method of payment allowing the card owner to purchase goods and services on credit.
- 18. - The illegal imitation or reproduction of currency, documents, goods, or other items with the intent to deceive or defraud by passing them off as genuine.
- 21. circulation within a country, including both physical forms like paper bills and coins, as well as the digital or accounting representation of it within the banking system.
- 22. - A promissory note and legal tender, issued and backed by the government, payable on demand to the holder.