Social Sciences, asked by sadhnasahu379, 6 months ago

what do you mean by credit card? what is the difference between the saving account and fixed deposit account . ( words- 100-150)​

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Answered by dashrojalin51
1

A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company, that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.Fixed Deposits have a fixed lock-in period, which limits the unnecessary withdrawal of your money until maturity. A savings account, on the other hand, enables you to withdraw any amount at any time, which proves detrimental to your goal of wealth appreciation.

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