Describe the vital and positive role of credit with examples.

 

Answer:

Answer to be written:

  • Credit (loans) refers to an agreement between lender and borrower , in which the lender supplies money , goods or services to the borrower in return for the promise of future payment .

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.