| A | B |
|---|
| Currency | Paper money; bills |
| Personal check | A hand-written document used to pay for purchases using funds in a personal checking account |
| Cashier’s check | A check bought from a bank with payment guaranteed by the bank |
| Certified check | A personal check with a bank’s guarantee of payment |
| Money order | A way for people with no checking account to send money by mail |
| Traveler’s check | A check used in place of cash when traveling for greater security |
| Debit card | A card used for point-of-sale transactions on a checking account |
| Credit card | A card used for payment through credit with interest accruing |
| Open-end credit | A credit arrangement where the amount of money borrowed continues to change as payments are made and purchases are put on the credit card |
| Closed-end credit | A credit arrangement where the amount of money borrowed and the amount to be repaid per month are fixed at the time the installment loan is made |
