[originaltext]M: The formal yardstick of performance of a business is the finan

M: The formal yardstick of performance of a business is the financial statements. They are issued at periodic intervals.
W: You are right. I find the comparison of financial statements between one year and the next, particularly helpful in understanding a company’ s performance.
Q: What are they talking about?

M: As a means of international settlement, what is the main role of a credit card?
W: Its main role is to transfer the payment obligation from payer to bank. It makes the payment safer for the exporter with the bank’ s credit and guarantee, and simultaneously makes the supply of goods safer for the importer.
Q: What is the main role of a letter of credit?