Describe about money and credit
Answers
Answered by
0
Credit money is any future monetary claim against an individual that can be used to buy goods and services. There are many forms of credit money, such as IOUs, bonds and money market accounts. Virtually any form of financial instrument that cannot or is not meant to be repaid immediately is credit money.
Read more: Credit Money https://www.investopedia.com/terms/c/credit-money.asp#ixzz5Ttcqr1uA
Follow us: Investopedia on Facebook
Read more: Credit Money https://www.investopedia.com/terms/c/credit-money.asp#ixzz5Ttcqr1uA
Follow us: Investopedia on Facebook
Answered by
0
Money acts as a medium of exchange
money is used to buy goods and services
credit means loan
money is used to buy goods and services
credit means loan
Similar questions