Explore the elements and operation of a checking account and a savings program by addressing the following:

a$.$ Describe the elements associated with a checking account by addressing the potential costs, account ownership types, account procedures, bank statements, and account reconciliation.

b$.$ Describe the elements associated with a savings program by addressing the difference between compound and simple interest.

c$.$ Describe the difference between a savings account, a certificate of deposit, a Treasury bill, and a savings bond.