Question

6. Explain cash credit

Answer 1

Answer:

As mentioned above, cash credit is a short-term financing solution a business customer has at their disposal. If the customer doesn't have enough funds in their account, they can use the cash credit for routine banking transactions up to the credit limit.

Explanation:

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Answer 2

Answer:

1) Cash credit is a short term financing solution a business customer has at their disposal.

2) if the customer doesn't have enough funds in their account, they can use the cash credit for routine banking transactions up to the credit limit.

Explanation:

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