Across
- 4. of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, sue and be sued
- 5. requirement:formula used to compute the amount of a depository institution’s required reserves
- 6. bank:bank that receives its charter from the state in which it operates
- 7. who owns a share or shares of stock in a corporation; same as stockholders
Down
- 1. of ownership in a corporation; can be either common or preferred stock
- 2. union:nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
- 3. that are sold
- 4. of deposit/CDs:receipt showing that an investor has made an interest-bearing loan to a financial institution