Question

give the example of credit money​

Answer 1

There are many forms of credit money, such as IOUs, bonds and money markets. Virtually any form of financial instrument that cannot or is not meant to be repaid immediately can be construed as a form of credit money.

Answer 2

Answer:

There are several examples  of credit money, such as IOUs, bonds and money markets.

• Credit money is monetary value established as the outcome of some prospective obligation or claim. As such, credit money arises from the expansion of credit or allotment of debt.
• In the current fractional reserve banking system, commercial banks are able to generate credit money by granting loans in considerable amounts than the reserves they hold in their lockers.