What is the meaning of the monetary settlement method There are several types of business settlement methods, what are the characteristics of each?

Currency settlement is in the conditions of commodity economy, the economic units due to commodity trading, labor supply and fund transfer and other economic activities caused by the monetary receipt and payment behavior. There are four main checks, bank drafts, bank drafts, commercial drafts. (Settlement according to the different ways of payment is divided into cash settlement, bill transfer and transfer settlement, referred to as settlement.)

Enterprise settlement methods are checks, bank cashier's checks, bank drafts, exchange, collection and payment, credit cards, commercial drafts, entrusted collection, letters of credit and other nine kinds.