martes, 5 de abril de 2011

Exercise Two

The most popular service of a bank is credit card, It is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of creditit to the consumer from which the user can borrow money for payment to a merchant or as a  cash advance to the user.
A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash car, which can be used like currency by the owner of the card.
Another product is Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interes rate or for the convenience of servicing only one loan.
Finally another product is student banking services, you can get a checking account, savings account or credit card designed just specially for us.

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