Credit cards (Reading 13-50)

Chia sẻ: Bao Hung Hung | Ngày: | Loại File: DOC | Số trang:1

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Credit cards (Reading 13-50)

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Credit cards are a means of exchange, not a payment. Ultimate payment by the card user occurs at the end of the month when a cheques is written or a bank a/c is debited to settle the outstanding balance. In that respect, credit cards are akin to trade credit for the users, and a substitute credit long extended by retailers to customers.

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