Economy, asked by parmardeep6005, 9 months ago

What do you mean by cash credit ?

Answers

Answered by Anonymous

Answer:

Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit which is fixed by the commercial bank. The interest on this facility is charged on the running balance and not the borrowing limit which is given by bank.

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Answered by Muizz307

Answer:cash credit means having mony in your hand

Explanation:

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