define credit. according to 10 class cbse economic and its advantages and disadvantages?
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Money which is kept in a bank is safe and it even earns an interest. One can withdraw money from his account as and when required. Since deposit in the bank account can be withdrawn on demand, these deposits are called demand deposits
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credit is an agreement between a money lender and the borrower in which the money lender supplies the borrower with money,goods,or services in return for the promise of future payment.
In rural areas the main demand for credit is for crop production
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