Economy, asked by Shray2005, 10 months ago

Some lines on the concept of money and credit

Answers

Answered by hadiyazahra
0

Answer:

money:

a money is the thing that. people recieve after selling their thing to someone.

money has different names like currency and cash.

credit:

a credit card is a type of a tool which can make your life more easier.

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Answered by queensp73
0

Answer:

Image result for concept of money and credit

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.

Explanation:

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