The type of credit that is extended when a person uses a credit
card is revolving credit. Revolving credit allows the consumer to
carry a balance and pay a minimum monthly.
The type of credit that is extended when a person uses a credit
card is revolving credit. Revolving credit allows the consumer to
carry a balance and pay a minimum monthly.
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A loan extended to a person is called credit.
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Not as of today
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Gross bank credit- Total loans and advances extended by the
banks minus loans extended to group concerns
Net bank credit- Gross bank credit minus exempted deposits like
FCNR,NRNR etc.
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No, Usually credit is extended to an individual 18 years or
older.