Question

what is credit
what is loan
what is money
what is bartar system



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Answer 1

Answer:

Question :-

• What is credit?
• what is loan?
• What is money?
• What is bartar system?

Answer :-

➻ Credit :-

• Credit is issued to people who want to obtain something now, but who can't or don't want to necessarily pay for it now, based on that person's ability to pay for it later.

➻ Loan :-

• A loan is when you receive money from a friend, bank or financial institution in exchange for future repayment of the principle, plus Interest. The principal is the amount you borrowed, and the interest is the amount charged for receiving the loan.

➻ Money :-

• Money is really anything that people use to pay for goods and services and to pay people for their work.

➻ Bartar system :-

• Bartar, the direct exchange of goods or services - without an intervening medium of exchange or money - either according to established rates of exchange or by bargaining. It is considered the oldest from of commerce.

Answer 2

Answers:-

Credit is the trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on.

A loan is when you receive money from a friend, bank or financial institution in exchange for future repayment of the principal, plus interest.

Money, also sometimes called Currency, can be defined as anything that people use to buy goods and services.

Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.

I Hope these answers help you