Funds needed for transactions, bill-paying, or purchases are commonly held in federally insured checking or savings accounts at financial institutions because these accounts offer easy access to money and low risk.

Authors

• Person: Not available Organization: Council for Economic Education
  6 Core Areas of Personal Finance | CEE

Sources

• 6 Core Areas of Personal Finance | CEE www.councilforeconed.org Council for Economic Education via serper

Referenced by nodes (2)

• checking account concept
• financial institution concept