Personal Finance Unit 3

secure containers that you can rent inside the vaults of banks

• bank vaults
• storage units
• safety lockers
• safe deposit boxes

Check guaranteed by a bank drawn from its own funds and signed by a cashier or a teller

• Money order
• Personal check
• Certified check
• Cashier's check

Printed order for payment of specified some issued by a bank or post office

• Cheque
• Wire transfer
• Money order
• Bank draft

Guarantees that a check, atm, wire transfer or debit card transaction will clear if the account balance falls below zero

• Transaction fee waiver
• Overdraft protection
• Savings account
• Credit limit increase

Bank is instructed not to honor a check that has been issued or lost

• stop payment

• overdraft protection

• money order

• deposit

A method of banking in which transactions are conducted electronically via the Internet

• Online banking
• Mobile banking
• In-person banking
• ATM transactions

Money set aside for the future

• Investments
• Expenses
• Savings
• Debt

The measure of how quickly an asset can be turned into cash

• Savings

• Equity
• Liquidity
• Asset Value

means there is no risk in losing the original money you put in

• high risk

• simple interest

• withdrawal

• safety of principal

A type of savings plan that earns a low rate of interest with few restrictions

• high-yield savings account
• money market account
• savings account
• certificate of deposit