Question

What do you mean by credit money

Answer 1

Explanation:

Credit money is monetary value created as the result of some future obligation or claim. ... 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

Explanation:

Credit money is monetary value created as the result of some future obligation or claim. ... 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