explain the process of credit creation
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Hey user
Here's your answer____
Credit creation is the most significant function of thecommercial banks. Commercial banks accept deposits and lend loans and advances. In thisprocess they create two types of deposits, namely primary deposits and derivative or active deposits.
Hope it helps☺☺
Regard
@Yusuf
Here's your answer____
Credit creation is the most significant function of thecommercial banks. Commercial banks accept deposits and lend loans and advances. In thisprocess they create two types of deposits, namely primary deposits and derivative or active deposits.
Hope it helps☺☺
Regard
@Yusuf
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