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Chapter 12 Financial Literacy

Across
Enables you to withdraw cash from your account at ATMs, or to pay directly for goods or services at many stores and restaurants.
A U.S. government-backed agency that provides insurance on credit union deposits.
The FDIC is a U.S. government agency that provides insurance on bank deposits.
Serves as the central bank of the United States.
Primary tool to fight inflation and promote a healthy economy; involves raising or lowering of the money supply to achieve some goal.
Down
A written order from you to your bank instructing it to pay money from your account to another party.
An account into which you deposit money and from which you gradually withdraw money by writing checks or using a debit card.
Money currently used in the United States; has value not because the coins and bills have some value in their own right, but because the government orders that it be accepted as payment.
Functions similarly to a bank but has nonprofit status and is owned by its members.