Question

what is money and credits explain​

Answer 1

Answer:

Credit is any form of deferred payment. ... The consumer is given money, which it later has to pay back to the bank. Money. Money is any item or electronic record that can be used for the purchase of goods, provide a store of account, and can be used as a medium of exchange

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Answer 2

Money is a medium of exchange that enables the user make transactions and buy goods and avail services. ... Credit is the money borrowed from a bank or lender based on the promise that the money will be paid back in future along with interest. The flow of credit in an economy controls the money supply.