BANKING AFFAIRS

Detailed explanation-1: -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-2: -Notes: Credit cards are sometimes considered smart money as they enable transactions without the need for physical cash and are also a convenient method. It is plastic money that is used to pay for products and services in over 20 million locations across the world.

Detailed explanation-3: -The Smart Money Account can be downloaded and activated using the Smart Mobile Phone. The Account Holder is then required to completely fill-out and sign an application form and return the same to Banco de Oro, through Smart and must load the minimum Philippine Peso amount (“Peso Value”), as may be required.