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Economics Crossword

Across
The ability to be used as, or directly converted to, cash
Failure to pay back a loan
Interest paid on both principal and accumulated interest
Widespread panic in which great numbers of people try to redeem their paper money
A specific type of loan that is used to buy real estate
Paper currency issued during the Civil War
Money that has value because the government has ordered that it is an acceptable means to pay debts
Federal Deposit Insurance Corporation
Down
This consists all the assets from M1 plus several additional assets
Interest paid only on the principal
The price paid for the use of borrowed money
Cooperative lending associations for particular groups
Represents money that people can gain access to easily and immediately to pay for goods and services
The amount of money borrowed
The money in checking accounts