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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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Why Does the Mechanism of Sale Matter?
31 Dec 2014
RDP
2014-09
Some, like the interest rate, credit terms and other economy-wide factors are likely to be near-perfectly observed; but others, like the quality of a specific dwelling, the prices of ... buyer is willing to bid, at which point they lower the card and
https://www.rba.gov.au/publications/rdp/2014/2014-09/why-does-mechanism-sale-matter.html