Question

give two examples and explain the role of credit as both positive and negative​

Answer 1

Explanation:

'Credit' refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Credit plays a vital and positive role as : (i) Credit helps people from all walks of life in setting up their business, increase their income and support their families.and negative role as opposite for positive role

Answer 2

Explanation:

my uncle got a large contact of of road construction but he haven't enough money to buy wages, materials and to pay labours daily

so he took loan from the bank and then he was able to buy wages and materials and to pay to his labours when the constitution was completed he got alot of money and profite

Now he was able to pay the loan back to the bank before the date

I hope this paragraph will help you