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B&F Unit 1 Vocab
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| Term | Definition |
|---|---|
| Money | something generally accepted as a medium of exchange, a measure of value or a means of payments (Merriam-Webster Dictionary) |
| Currencies | system of money in general use in a country |
| Coin | type of money made with metal, stamped and issued by the authority of government |
| Banknotes | promissory notes issued by a Federal Reserve Bank |
| Government Bond | form of debt issued by a national government |
| Treasury Bonds (T-Bonds) | type of treasuries which have the longest maturities of all government bonds |
| Treasury Notes (T-Notes) | type of government bond issued with shorter maturities than T-bonds |
| Treasury Bills (T-Bills) | government bonds issued with terms of four, 13, 26 or 52 weeks |
| Cash | form of legal tender which can be used to exchange goods, debt or services |
| Debit Card | payment card which provides the cardholder electronic access to their bank account |
| Credit Card | payment card issued by a bank to cardholders as a method of payment |
| Personal Check | slip of paper which allows the user to make a payment from his or her bank |
| Electronic Funds Transfer | wire transfer of money from one bank account to another |
Created by:
jdbaker
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