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What is SWIFT Payment System and its Importance in the Global Economy
With ongoing Ukraine and Russia Crisis, there is one term that has become very popular. “SWIFT” payment system. This article will focus to answer what is SWIFT and why it is important to the global economic system. What is Bitcoin and How Does it Work? SWIFT sits in the middle of the global financial system. Without it, it is likely you won’t manage to send funds across countries. What is SWIFT? SWIFT is an abbreviation for Society of Worldwide Interbank Financial Telecommunication. It is an institution that serves over 12,000 financial institutions such as banks in moving funds across the world. SWIFT is located in Belgium under the management of…
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Tips On How To Manage Your Credit Cards Effectively
Credit cards are important financial components in our lives. They offer us unprecedented levels of spending freedom by enabling us to use money that we don’t have. This freedom normally has a cost attached to it. A credit card is just another form of debt. The only difference is that it comes in form of a card. This notwithstanding, normal debts costs apply. These include interest fees, application fees, and renewal fees. Due to the ease of accessing these cards. Most users tend to misuse them. If poorly managed, credit card costs both in penalties and fees are usually very punitive. This article is dedicated to giving tips to assist…
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