Question

what is bank money or credit money​

Answer 1

Answer:

Any future monetary claim against an individual that can be used to buy goods and services is known as Credit money or bank money. ... Any form of financial instrument that matures after a certain period of time or cannot be repaid immediately is considered as credit money.

Answer 2

Any future monetary claim against an individual that can be used to buy goods and services is known as Credit money or bank money. ... Any form of financial instrument that matures after a certain period of time or cannot be repaid immediately is considered as credit money.