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PF: Ch 1 & 12 Vocabulary

Across
A written order from an individual to a bank that instructs the bank to pay money to another party.
The ______ ______ System is the central bank of the United States. (2 words)
Functions similarly to a bank, but has nonprofit status and is owned by its members. (2 words)
Cost of pursuing one option instead of another expressed as the value of the activity you gave up. (2 words)
______ money has value because the government orders that it must be accepted as payment.
Enables one to withdraw cash from an ATM or to pay directly for goods or services at stores and restaurants. (2 words)
Down
An account into which a person deposits money and from which a person withdraws money by writing checks or using a debit card. (2 words)
A major federal insurer that provides deposit insurance on the first $250,000 deposited in a credit union.
A legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills
Something owned that can be rapidly converted to cash without a risk of significant loss (2 words)
A major federal insurer that provides deposit insurance on the first $250,000 deposited in a bank account.