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Economics Crossword

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