Question

what is credit ? and how many type of credit​

Answer 1

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☞Credit...

Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.

☞Types of credit...

There are three basic types of credit: revolving, installment, and open. If you have a mix of the three, you show lenders that you can responsibly handle a variety of obligations.

Explanation:

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Answer 2

Answer:

Credit = what goes out (person account)

When all expenses and loses (real account)

When money goes out, It's called credit.