Describe the Advantages and Disadvantages of Credit Cards

question 12

Essay

Describe the advantages and disadvantages of credit cards.

Understand the research methodologies used in developmental psychology, including observational, longitudinal, and experimental approaches.

Recognize the relevance of developmental psychology to addressing social issues and informing social programs.

Understand the factors contributing to the higher dissolution rates of remarriages compared to first marriages.

Analyze how communication in marital relationships varies by age and how it is influenced by socioemotional selectivity theory.

---

Definitions:

Bank Service Charge

Fees charged by banks for account services provided, including monthly maintenance, transactions exceeding a certain limit, or ATM usage outside the network.

NSF Cheque

A cheque that cannot be processed because the account it is drawn on does not have sufficient funds, standing for "Non-Sufficient Funds."

Outstanding Cheques

Checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.

Balance Per Bank

It represents the amount of money in a company’s bank account, according to the bank's records.