Money is an object that is legally and socially accepted as a medium of exchange. This is done while paying for items and services and to settle debts. Through money one can set a standard for comparing the worth of different items and services. Money can be regarded as a standard of deferred payment. The term “Money” encompasses several circulating currencies that have legal tender status and the different types of economical deposit accounts like certificates of deposit, savings accounts and demand deposits. In modern times, the smallest component of the money supply is the currency. There is an old saying that money is a matter of four functions called as a store, a standard, a measure and a medium. It is implied that money acts as a store of value, a unit of account and a medium of exchange.
A credit card is a small plastic card for a system of payment. It differs from the debit card in the aspect that at the end of each transaction, money is not removed from the user’s account. With Credit Cards, money is lent by the issuer to the user so that he can make a payment to the merchant. Credit Cards are also different from charge cards. In case of charge cards, the balance has to be paid completely in every month. In case of credit cards, the user can revolve the balance and interest is levied to the user. The most common size of the credit card is called as ID-1. The dimensions are 85.60 mm X 53.98 mm. After the approval of the credit provider, the user is issued credit and handed over a credit card. Using this card, the user may buy certain goods from merchants till a pre-established credit limit is reached.
Some of the Home Insurance benefits offered by some companies are described below. There is a system of new for old cover. It is implied that in case the originals can’t be repaired, there are brand new replacement goods. There is a quick dealing of the claims. Even if the phone call is made at 2 am, the call is answered. Any damage faced by the house is repaired and the goods are substituted with minimum interruption and fuss. Some insurance companies claim that there is a friendly helpful service. If there is accidental damage to the glass, mirrors, home computers and television this is taken care of as per the policy terms and conditions. There is also a wedding gift protection which applies thirty days before and after the wedding day of anyone in the family.
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