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Feb 21, 2024 · A cash transaction refers to an immediate exchange of physical currency for goods or services. It involves the direct payment in cash at the time of purchase. A credit transaction is a delayed payment method where goods or services are received upfront, and the payment occurs at a later date. In cash transactions, payment is made immediately at ... “Bank of America” is the marketing name used by certain of the Global Banking and Global Markets businesses of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

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