Difference between cheques, bankers' cards,credit card?
Posted: Wed Apr 07, 2010 3:52 am
Dear all.
I've read following text, I saw a few words "cheques, bankers' cards, credit card".
What is the difference between them? I havn't understood.
If someone know, please help me.
I'm expecting for your reply.
Your sincerely
Tuan
===============================================
MONEY
.................
A coins is a piece of metal, usually disc-shaped, which bears lettering, designs or numbers showing its value. Until the eighteenth and nineteenth centuries coins were given monetary worth based on the exact amount of metal contained in them, but most modern coins are based on face value, the value that governments choose to give them, irrespective of the actual metal content. Coins have been made of gold (Au), silver (Ag), copper (Cu), aluminium (Al), nickel (Ni), lead (Pb), zinc (Zn), plastic, and in China even from pressed tea leaves. Most governments now issue paper money in the form of notes, which are really “promises to pay”. Paper money is obviously easier to handle and much more convenient in the modern world. Cheques, bankers' cards, and credit cards are being used increasingly and it is possible to imagine a world where "money" in the form of coins and paper currency will no longer be used. Even today, in the United States, many places — especially filling stations — will not accept cash at night for security reasons.
I've read following text, I saw a few words "cheques, bankers' cards, credit card".
What is the difference between them? I havn't understood.
If someone know, please help me.
I'm expecting for your reply.
Your sincerely
Tuan
===============================================
MONEY
.................
A coins is a piece of metal, usually disc-shaped, which bears lettering, designs or numbers showing its value. Until the eighteenth and nineteenth centuries coins were given monetary worth based on the exact amount of metal contained in them, but most modern coins are based on face value, the value that governments choose to give them, irrespective of the actual metal content. Coins have been made of gold (Au), silver (Ag), copper (Cu), aluminium (Al), nickel (Ni), lead (Pb), zinc (Zn), plastic, and in China even from pressed tea leaves. Most governments now issue paper money in the form of notes, which are really “promises to pay”. Paper money is obviously easier to handle and much more convenient in the modern world. Cheques, bankers' cards, and credit cards are being used increasingly and it is possible to imagine a world where "money" in the form of coins and paper currency will no longer be used. Even today, in the United States, many places — especially filling stations — will not accept cash at night for security reasons.