The Credit Card Issuer (The Bank) And Associated Costs
Banks which offer credit card services have overall remained very profitable; however the risk is very high, because the credit card business is all about giving unsecured (uncollateralized) loans. The bank is dependant on the borrower not to default in large numbers. Banks incur several costs, some of which are given below:
1. Interest Expenses: Banks generally borrow the money from other forms at very low interest rates from other firms. They borrow the amount the custom...
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Make Meetings Easier And More Organized
Modern business takes teamwork. No one can do it alone. That's why today's corporate envionments are designed to facilitate people working together.