HARD
The transfer of money between individuals or businesses; it is often referred to as financial exchange
medium of exchange
Allows the cardholder to use funds from a credit card company up to a certain limit and with specific rules for paying back the money
credit card
A paper issued by a central bank that states the holder may be paid a specific amount of money
Banknote
medium of exchange that is accepted by people for the payment of goods and services
money
Interest‐bearing certificates of public or private indebtedness
government bond
Money is deducted directly from the consumer’s checking account when a purchase is made
debit card
Currency that is paper money
cash
an asset or item acquired with the goal of generating income or appreciation
investment
A written, legal document that orders your bank to pay a sum of money out of your account to a specified person or business
check
The principle that money is an asset that holds its value over time and can be used for future transactions
store of value
An instrument of investment
security
A type of government bond that can be purchased for a minimum of $25 and maximum of $10,000; annual interest rate created from a fixed rate and a semiannual inflation rate, which protects against inflation
Series I Bond
A type of US government bond with maturity of not less than one year or more than ten years
treasury note
Any type of misappropriation of business funds
embezzlement
The common value amount of goods and services
unit of measure
A type of government bond that can be purchased for a minimum of $25 and maximum of $10,000 per calendar year; pays interest for up to 30 years
Series EE Bond
Attempting to avoid paying the required amount of taxes
tax fraud
The transmission of funds from one bank account to another bank account
electronic funds transfer
Money that a financial institution or business will allow someone to use to obtain goods or services before payment, with the understanding that the money will be paid back in the future
credit
the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting
finance