Social Sciences, asked by rl3510174, 7 months ago

what is credit how does it plays a vital and positive role explain with an example​

Answers

Answered by tanusreev
0

Answer:

'Credit' refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Credit plays a vital and positive role as: (i) Credit helps people from all walks of life in setting up their business, increase their income and support their families.

Answered by aradhanaakela
0

Answer:

'Credit' refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Credit plays a vital and positive role as: (i) Credit helps people from all walks of life in setting up their business, increase their income and support their families

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