Social Sciences, asked by priyasharma113344, 2 months ago

important question for class10 money and credit

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Answered by lexi2424

4

Answer:

Money is a medium of exchange that enables the user make transactions and buy goods and avail services. ... Credit is the money borrowed from a bank or lender based on the promise that the money will be paid back in future along with interest. The flow of credit in an economy controls the money supply.

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