| A | B |
|---|
| online banking | the use of a computer to manage finances through an internet connection |
| electronic funds transfer | the automatic transfer of funds to and from a person's bank accounts electronically |
| debit card | A card that allows the immediate withdrawal of funds from a checking account without writing a check |
| smart card | An advanced form of debit card with an embedded computer chip to track certain purchasing information |
| cash card | A prepaid type of debit card |
| endorse | Signing one's name on the back of the check along the left end within the area indicated |
| canceled check | A check that has been processed or paid by the bank |
| traveler's check | A convenient type of check used by travelers that can be replaced if lost or stolen |
| cashier's check | A check drawn on a bank's own funds and signed by a bank officer |
| certified check | A personal check with a bank's guarantee that the check will be paid |
| money order | An order for a specific amount of money payable to a specific payee |
| simple interest | Interest is paid only on the money initially deposited in the account |
| compound interest | Interest paid on an initial deposit as well as on interest already earned |
| certificate of deposit | Money deposited for a set period of time that earns a set rate of interest |
| inflation | A general increase in prices |
| Consumer Price Index | A measure of the average change in prices for consumer goods and services over time |
