| A | B |
|---|
| currency | paper money; bills |
| personal check | hand-written document used to pay for purchases using funds in personal checking account |
| cashier's check | check bought from a bank with payment guaranteed by the bank |
| certified check | personal check with a bank's guarantee of payment |
| money order | way for people with no checking account to send money by mail |
| traveler's check | check used in place of cash when traveling for greater security |
| debit card | card used for point-of-sale transactions on a checking account |
| credit card | card used for payment through credit with interest accruing |
| open-end credit | credit arrangement where amount of money borrowed continues to change as payments are made & purchases put on credit card |
| closed-end credit | credit arrangement where amount of money borrowed & amount to be repaid per month fixed at the time installment loan is made |
