A consumer with an unused line of credit on his or her credit card account may make retail purchase without presenting a demand deposit check or cash. Unutilized credit card credit is used instead. The line of unutilized credit available to card holders may be a good candidate for inclusion in the definition of money. These credit lines serve as a medium of exchange for the purchase of a wide variety of goods and services. Lines of unutilized credit card credit are similar to unutilized demand deposit overdraft facilities, which allow customers to issue checks for more money than they have on deposit. Overdrafts, which have long been used in Great Britain and Canada, are now widely used in the Unite States, often against bank credit card credit.
The range of transactions that might be included in computerized credit card transactions is large. Taxicabs, newspaper stands, vending machines, public transportation, street vendors, and highway toll stations, to name but a few
A. Right.
B. Wrong.
C. Doesn’t say.
信用证主要内容
Revocable documentary credit
Number: LC223-5866686
Date: March 1, 2005
Date and place of expiry: March 31, 2005 Singapore
Advising bank: Bank of China
Beneficiary: Singapore BBB Trading Company.
Applicant: Qingdao AAA Import and Export Corp
Shipment from: Qingdao to Singapore, on or about March 31, 2005
Partial shipments: Not allowed
Transshipment: Not allowed
Description of goods: 100% Cotton Shirt as per S/C No. CH2004
Total amount: USD660000 (SAY US DOLLARS SIXTY-SIX THOUSANDS ONLY)
Total quantity: 300 Cartons
Total gross weight: 20500 KGS
Total measurement: 30CBM
Price term: CIF Singapore.
Following documents required:
+Signed commercial invoice in triplicate
+Packing list in triplicate
+Full set of clean on board ocean bill of lading made out to order of shipper and endorsed in blank and marked “freight pr
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