what is credit?explain in nature?
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Credit – an agreement to get money, goods, services now in exchange. for a promise to pay in the future. • One who lends money/provides credit – creditor. • One who borrows money/uses credit - debtor. • Creditors charge a fee for using their money – interest.
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2
Answer:
Credit – an agreement to get money, goods, services now in exchange. for a promise to pay in the future. • One who lends money/provides credit – creditor. • One who borrows money/uses credit - debtor. • Creditors charge a fee for using their money – interest.
hope it helps you:))
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