What belongs to the settlement business of commercial banks

1, what is bank settlement? \x0d\ Answer: It refers to the transfer of funds through the bank account to achieve the act of receipt and payment, that is, \x0d\ Banks accept customers entrusted to collect and pay on behalf of the payment from the payment unit deposit account \x0d\ out of the payment unit deposit account, transferred to the payment unit deposit account, so as to complete the economic \x0d\ Debt settlement or funds transfer between the \x0d\ Creditors and liabilities. \x0d\\\x0d\ 2, the types of bank settlement? \x0d\ A: the types of bank settlement are: 1) bank drafts 5) checks \x0d\ 2) commercial drafts 6) currency exchange \x0d\ 3) cashier's checks 7) entrusted to collect \x0d\ 4) credit cards 8) collection and payment \x0d\\\x0d\ 3, what is a bank draft? \x0d\\ A: Bank drafts are bills of exchange that customers deposit with local banks, which issue remittances\\\x0d\\ people hold to settle transfers or withdraw cash in other places. \x0d\\\x0d\ 4, what is a commercial money order? \x0d\ A: A commercial bill of exchange is an instrument issued by the payee or the payer (or the acceptance applicant), accepted by the acceptor \x0d\ and paid to the payee or the endorsed person on the due date. \x0d\\\x0d\ 5. What is a cashier's check? \x0d\\ A: A cashier's check is an instrument issued by a bank to settle a transfer or withdraw cash within the same city \x0d\ after the bank has received payment from the customer. \x0d\\\\x0d\ 6, what is a check? \x0d\ A: Checks are issued by the depositor, entrusted to its depositary bank at the sight of the unconditional payment \x0d\ payment of a certain amount of money to the payee or bearer of the instrument. \x0d\\\x0d\ 7, what is exchange? \x0d\ A: Exchange is the remitter entrusts the bank to remit the money to the foreign payee settlement. \x0d\\ Currency exchange is divided into two kinds of letter and telegraphic transfer. \x0d\\\x0d\ 8, what is entrusted collection? \x0d\\ A: entrusted receipts is the payee entrusted the bank to collect money from the payer of a settlement \x0d\\ way. \x0d\\\x0d\ 9, what is a collection and payment? \x0d\\ Answer: The collection and payment is the sales unit according to the economic contract after delivery, entrusted to the bank to purchase \x0d\ goods unit to collect payment, the purchase of goods unit check or inspection of goods, to the bank commitment to the goods \x0d\ payment of a way of settlement. \x0d\\\\x0d\ 10, what is a credit card? \x0d\ A: credit card is the applicant will deposit money in the bank, open a deposit account in the bank, \x0d\ by the bank with the issue of a certificate that gives credit.