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RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Conceptual Framework
1 Dec 1988
RDP
8811
It is therefore assumed below that all transactions will eventually be carried out using plastic cards (either debit or credit). ... As Tobin (1987) points out, this also requires that reserve requirements capture the ability of individuals to make
https://www.rba.gov.au/publications/rdp/1988/8811/conceptual-framework.html