| A | B |
|---|
| Certificate of Deposit | An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited |
| Checking Account | An account that allows quick access to funds for transactions |
| Depository Institution | Businesses that provide financial services |
| Liquidity | How quickly and easily an asset can be converted into cash |
| Money Market Deposit Account | A account at a depository institution that usually has minimum balance requirements and tiered interest rates |
| Savings Account | An account at a depository institution that is designed to hold money not spent on current consumption |
| Savings Tools | Accounts offered by depository institutions whose main purpose is to help people manage their money |
| Tiered Interest Rate | The amount of interest earned depends on the account balance |
