What is Money Market The money market defines it as a set of wholesale markets where short-term financial assets are exchanged. Its participants are large institutions and specialized financial intermediaries (eg banks). The connection established between its members is purely financial, where they go to the market to exchange financial assets short – term (up to 18 months) with a low level of […]
What are Bank Cards and its Types
What are Bank cards A bank card is a means of payment issued by a financial institution in favor of a consumer, through an associated account, and which is accepted in countless merchants and establishments. His goal is to make withdrawals of money from ATMs or buy any type of good and service, both in physical stores and online mode. Types of bank Cards There […]
What is Debit Card and Its Types
What is Debit Card The debit card, also known as electronic or plastic money, is a financial instrument issued by a bank or savings bank that allows the customer to access the balance available in their current account associated with the card. In fact, the payment in a debit card carries directly the charge in the account of which it is the holder. […]
What is Credit Card and its Types
What is Credit Card A credit card is defined as a “document of plastic material issued by a bank or specialized institution in the name of a person, who may use it to make purchases without having to pay in cash and may also carry the payment of the products to future times “. This type of card has a magnetic stripe […]
Difference between Debit and Credit Card
Difference between Debit and Credit Card The Key difference between debit and credit cards is that the former are always associated with the balance that the customer has in the current account, while the credit cards allow operating with money borrowed from the financial institution. Debit Card Vs Credit Card When money is withdrawn from […]
