Unit 2 Vocabulary Review

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