Unit 2 Vocabulary Review

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Across
  1. 3. item of monetary value a person owns
  2. 6. a debt or obligation owed to others
  3. 8. money earned from working
  4. 11. a measurement of how much a person or household owns after all debts have been paid
  5. 12. depository institutions offering many services and owned by their customers
  6. 14. an account that offers quick access to funds for transactions
  7. 17. take home pay after taxes
  8. 18. an account at a depository institution that holds money not spent on current consumption
  9. 19. the percentage rate used to calculate interest
  10. 21. for-profit depository institution offering services to both consumers and businesses
  11. 22. a person who pays taxes
  12. 24. "hidden" taxes collected from a seller or retailer, hotel tax, luxury tax, etc.
Down
  1. 1. the price paid for using someone else's money
  2. 2. insures credit unions
  3. 4. money spent
  4. 5. money earned from working for pay
  5. 7. tac on earned and unearned income
  6. 9. a tax on property such as homes, land and automobiles
  7. 10. insures commercial banks
  8. 13. a plastic card that is electronically connected to the cardholders depository institution account
  9. 15. money received
  10. 16. income received from sources other than employment
  11. 20. a tax on earned income
  12. 23. a measure of financial wealth calculated by subtracting liabilities from assets
  13. 25. a tax on purchased goods and services