Social Sciences, asked by sannu60, 1 year ago

define term credit and money

Answers

Answered by Anonymous
19
The both terms are used in Economics also it is in the chapter 3rd of economics book of class 10th .

Credit----In Economics credit means giving money on loan to the bar over at some rate of interest charged over the money given as loan for some days are some years are some months .

Money ---
money is a way of exchanging something also money is wealth around which economic activities of every country rotate it is a good medium of exchange under measure of value .

I hope helps you
Answered by pksingh1234
7
credit and money is any feature monetary claim against an individual that can be used to buy goods and services . There are many forms of credit money, such as IOU's, bond and money market account

sannu60: explain
Similar questions