to apply for credit each time new credit is desired. Common examples of open-end credit are credit cards‚ both general purpose cards (e.g.‚ Visa‚ MasterCard‚ Discover and American Express) and retail store credit cards. II. WHAT IS A CREDIT CARD A credit card is pre-approved credit which can be used for the purchase of goods and services now and payment of them later. In the case of credit cards‚ individuals may continue to borrow as long as they do not exceed the credit limit‚ which is the maximum
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each account in the ledger. The debit is on the left side‚ credit on the right side‚ and the account name is shown on top. 6. Debits are increases for assets‚ owner’s withdrawals‚ and expenses. Debits are decreases for liabilities‚ owner’s capital‚ and revenue. 7. Credits are increases for liabilities‚ owner’s capital‚ and revenue. Credits are decreases for assets‚ owner’s withdrawal‚ and expenses. 8. Assets‚ owner’s withdrawal‚ and expenses have a normal debit balance. Liabilities‚ owner’s
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Smart card is one of the greatest achievements in the world of information technology. Similar in size to today ’s plastic payment card‚ the smart card has a microprocessor or memory chip embedded in it that‚ when coupled with a reader‚ has the processing power to serve many different applications. As an access-control device‚ smart cards can be used to access server remotely over the Internet and they can make personal and business data available only to the appropriate users. Smart cards provide
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CHAPTER-1 INTRODUCTION 1.0 Introduction: * 1979 Motorola developed first single chip Microcontroller for French Banking * 1982 World ’s first major IC card testing * 1992 Nationwide prepaid card project started in Denmark * 1999 Federal Government began a Federal employee smart card identification Smart Card or Chip card technology is fast becoming commonplace in our culture and daily lives. We hope that this site will bring you a little closer in your understanding of this exciting
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According to Wikipedia‚ an invention is a new form‚ composition of matter‚ device‚ or process. When the Internet was introduced it created a free-flowing stream of information through out the world. It has established a boundless. The World Wide Web has established a new spectrum of opportunity that has become one of the greatest tools to society. Today‚ the Internet provides resources and services such as e-mail‚ online libraries‚ financial tools‚ and more. Many businesses rely on the Internet’s
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A telephone‚ or phone‚ is a telecommunications device that permits two or more users to conduct a conversation when they are not in the same vicinity of each other to be heard directly. A telephone converts sound‚ typically and most efficiently the human voice‚ into electronic signals suitable for transmission via cables or other transmission media over long distances‚ and replays such signals simultaneously in audible form to its user. The wordtelephone has been adapted into the vocabulary of many
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The invention of the automobile was a historical achievement that completely transformed human civilization. This is why cars have had a greater effect on society than airplanes have. Not only have cars enabled people to relocate with ease‚ but they are also used on a much more regular basis. First of all‚ cars have had a greater effect on society than airplanes because cars have allowed so many more people to relocate to other geographical regions. In other words‚ most people do not spend their
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The Invention of Jay Gatsby Mckenzie Hart 03.03.05 "It was a testimony to the romantic speculation that he inspired that there were whispers about him from those who had found little that is was necessary to whisper about in this world." (48) States the narrator‚ illustrating the attractiveness to attention and gossip of a party host. The quote comments on a conversation of two woman gossiping about the mysterious host named Gatsby. In F. Scott Fitzgerald’s book The Great Gatsby‚ a young
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Influence of Television on People The first television was introduced to the public by a Scotsman inventor John Logie Baird and an American inventor Charles Francis Jenkins. Ever since television had been invented‚ it has become the most dominant and significant technology in our society. There are several advantages of television like we all know that we can have a clear idea that what is happening in the world‚ we can have live information about the several events like sports and any other
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In 1438 C.E. the inca could travel all over horses or even inventions like the wheel or water bottles or cup they had to make all of that stuff out of stone kinda like how they had to make tools weapons out of sticks rock vines and stone and even obsidian. The most modern day resource was mortar which was used to make houses schools and temples for priests.The people that built the temples would decorate the temples with gold and silver jewelry for the holy gods like the inti. For food the incas
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