| A | B |
|---|
| automatic deposit | money electronically added to a checking or savings account |
| automatic withdrawal | money deducted by the bank |
| bounced check | a check that is returned by the bank |
| cashier's check | a check issued by the bank against bank funds |
| certificate of deposit (CD) | a deposit of money set aside for a fixed amount of time at a fixed interest rate |
| check | a written order to a bank fo pay the stated amount to rthe person |
| checkbook register | is a tool that can be used to track checking account transactions. |
| checking account | a demand deposit that allows the account holder easy access to the money aand allows checks to be written on the account. |
| compound interest | interest that is earned on both principle and interest previously earned on savings |
| debit card | a bank card that allows the account holder to make purchases and to withdraw cash from |
| deposit | money added to a checking or savings account |
| discount rate | the rate banks are charged to borrow money from the federal reserve |
| endorsement | a signature or instructions written on the back of a check authorizing a bank to cash or deposit deposit the check |
| federal funds rate | the rate which banks can borrow from the excess reserves of other banks. |
| monetary policy | actions taken by the federal reserve to influence money and credit conditions in the economy |
| money market account | a saving option that pays the current market rate of interest |
| money order | a type of prepaid check that directs payment of a sum of cash to a payee |
| postdated check | a check written with a date that will occur in the future |
| prime rate | the interest rate that banks charge to their most credit worthy |
| principle | an amount of money that is set aside ,saved or invested on which interest is paid |
| rule 72 | a math formula that calculated how long it will take for money earning a set rate of interst to double |
| savings account | a demand deposit that has some restrictions as to ohow quickly or easily the money can be withdrawn |
| stop payment | a bank service that directs the bank not to honor a check you wrote or lost |
| U.S. savings bond | a discount savings bond issued by federal government |
