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Credit cards are an essential financial tool that enables its holders to make purchases and have the luxury of paying back the amount later. A credit card comes with a bank-approved credit limit, and the holder must pay back the amount due on the due date, which is mutually decided by the bank and the holder.
Banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to conduct economic activities such as making profit or simply covering operating expenses. … Investment banks gear their services toward corporate clients.
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.
Telecommunications, also known as telecom, is the exchange of information over significant distances by electronic means and refers to all types of voice, data, and video transmission. … A complete, single telecommunications circuit consists of two stations, each equipped with a transmitter and a receiver.