Question

(17th) its a 5 mark question

Answer 1

Explanation:

Credit refers to a loan, an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. It refers to an activity of borrowing and lending money between two parties. Credit can play a both positive and negative role.

Answer 2

Answer:

credit is the trust which allows one party to provide money or resources to another party wherein the second party doesn't reimburse the first party immediately,but promises either to repay or return those resources at a later date.