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Banks (BANKING SERVICES (CREDIT CARD: (plastic card used for payment…
Banks
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BANKING SERVICES
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CURRENT ACCOUNT: which allows money deposit and the account holder can withdrow money when he/she needsit.
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METHODS OF PAYMENT
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LETTER OF CREDIT
Method of payment for companies that operate outside EU the bank , with this method, guarantees the payment on behalf of his client
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DOCUMENTARY COLLECTION
Form of payment used when goods are ready to be sent and the seller sends his bank the bill of Exchange and the documents
CASH WITH ORDER (CWO)
Importer pays for the goods in advance , before receiving them
THE STOCK EXCHANGE
The Stock Exchange is a stock market where shareholders , brokers can buy and sell shares and bonds
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