| A | B |
|---|
| checking account | account in which deposited money can be withdrawn at any time by writing a check |
| checkable deposits | money deposited in a bank that can be withdrawn at any time by presentng a check |
| thrift institutions | mutual savngs banks, S&Ls, and credit unions that offer many of the same services as a commercial bank |
| debit card | device used to make cashless purchases; money is electronically withdrawn fro the consumer's checkable account and transferred directly to the store's bank account |
| near money | assets such as savings accounts that can be turned into money relatively easily and without the risk of loss of value |
| M! | narrowest definition of the money supply; consists of moneys that can be spend immediately and against which checks can be written |
| M2 | broader definition of the money supply; includes all of M1 plus such near moneys such as money market mutual fund balances, certificates of deposit and Eurodollars |
| credit card | credit device that allows a person to make purchases at many kinds of stores, restaurants, and other businesses without paying cash |
