What is difference between deposit and credit
Kritikamahna:
a lot of difference is there
Answers
Answered by
5
Deposit is the money which people save in thw banks.
As this can be collected back by people when they need it is also called demand deposit.
Credit is the loan whixh people take from the deposits at some interest rate
As this can be collected back by people when they need it is also called demand deposit.
Credit is the loan whixh people take from the deposits at some interest rate
Answered by
9
Investing or putting an amount is called deposit.
Taking or withdrawing amount is called credit.
Taking or withdrawing amount is called credit.
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