Economy, asked by vansh170305, 6 months ago

what is credit (loan)?

Answers

Answered by vanshikaahir79

1

Explanation:

Banks lend cash credit loans to companies based on their creditworthiness, which is determined by their current assets and liability. ... An important feature of a cash credit loan is that once it is approved, the interest rate is charged only on the amount withdrawn, not on the whole borrowed limit.

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