BANKING AFFAIRS

Detailed explanation-1: -The term “Smart Money” broadly refers to credit cards. Credit cards allow us to borrow money from the credit provider to pay for something without using your cash or savings in a bank account. There’s a limit to borrow money (called credit limit) and one has to pay it back.

Detailed explanation-2: -Smart money is capital placed in the market by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money also refers to the force that influences and moves financial markets, often led by the actions of central banks.

Detailed explanation-3: -Smart Banking means a more intelligent approach to customer service. Take the Virtual Greeter for example: a service that gives customers access to multiple products from an in-branch kiosk or from a mobile device.

Detailed explanation-4: -Money is a liquid asset used to facilitate transactions of value. It is used as a medium of exchange between individuals and entities. It’s also a store of value and a unit of account that can measure the value of other goods.