Final answer:
a) Certified checks are accepted when personal checks are not and are guaranteed by the bank. b) Financial services are related to the management of money, investments, or credit. c) Investment is a commitment of money to gain a financial return.
Step-by-step explanation:
a) Certified checks: These are checks that are accepted when personal checks are not, because they are guaranteed by the bank. For example, if you are making a large purchase, such as a car, the seller may ask for a certified check to ensure that the funds will be available.
b) Financial services: These are services related to the management of money, investments, or credit. Examples include financial planning, investment management, and insurance.
c) Investment: This refers to a commitment of money in order to gain a financial return. For instance, investing in stocks or real estate.
d) Estate planning: This is the process of planning for the distribution of one's estate after death. It involves making decisions about who will receive your assets and how they will be divided.
e) Safety deposit box: This is a safe place to keep important papers, valuable documents, and even jewelry. Many banks offer safety deposit boxes for rent.
f) Traveler's checks: These are highly acceptable and easily cashed checks that you can use in places where you are not known. They provide a secure way to carry money while traveling.
g) Will: A will is a legal document that specifies how one desires their estate to be distributed upon their death. It is important to create a will to ensure your wishes are carried out.