I. Credit Card Foreign Currency Cash Transfer and Savings Card
Can you withdraw cash? Yes, but in the process of converting cash into cash, you need to go through such a process: sell the user's cash to the bank at the current price, and then buy it at the current price, so that the user's cash becomes cash. For example, the user has 100 USD in cash. On April 4th, 2007, the exchange rate of the People's Bank of China was as follows: USD 7.7 122 (buying rate in cash) 7.6504 (buying rate in cash) 7.7432 (selling rate). At this price, the user's 100 USD can be converted into RMB100 * 771.22 = 771.22.
Second, cash and cash.
It's simple. Usually, cash users encounter money in their hands, which can be held in their hands and stuffed into wallets. Of course, if we are happy, we can fold it into a paper plane and tear it into a note and stick it on the window. What is a simple and inaccurate cash exchange is the number in the user's bank account. Or to be more professional, cash refers to foreign currency banknotes held by individuals, that is, Hong Kong dollars and US dollars in their hands; Cash refers to foreign currency bills and vouchers remitted from abroad or brought in or sent in from abroad. Such as bank checks, traveler's checks, etc.
To sum up, when banks sell foreign exchange to users, the price of cash is the same as cash, but when users sell foreign exchange to banks, cash is worthless. There are cash and cash accounts in bank accounts, so why is there a cash account? If cash is in the bank, then this is a cash account.