write a suitable hypothetical example /case study explain the meaning and component of terms and credit
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Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment. *The terms of credit vary substantially from one credit arrangement to another. They may vary depending on the nature of the lender and the borrower.Credit creation separates a bank from other financial institutions. In simple terms, credit creation is the expansion of deposits.Ex . Money
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