Question

what do you understand by credit how can credit be both an asset as well as a dept trap​​

Answer 1

credit is an aggrement between lender and borrower where lender lends money to the borrower and the borrower is having both an asset as well as dept trap if it if the borrower uses it as an asset means I used it for it on Profit then you can be an asset and if he is not able to repay the credit then he will fall in ...