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Advantages of credit instrument

Updated: 9/11/2023
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Kutty ke bachy

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Q: Advantages of credit instrument
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Is letter of credit a financial instrument?

A letter of credit is a financial instrument. It should be treated as such and guarded like you would a credit or debit card.


Examples of credit instrument?

A credit instrument is something that can be used instead of money. Some examples are promissory notes, checks, and credit cards.


Do the advantages of credit outweight the disadvantages of credit?

With the rampant credit card theft, its disadvantages are becoming more than its advantages.


What instrument are used in trade credit?

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What are the advantages of credit sales?

its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales


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What are the advantages and disadvantages of credit card?

The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.


What are the advantages of an online Experian credit report?

The advantages of an online Experian credit report are that you get them right away, no waiting for them to be mailed. They also give you an opportunity to monitor your credit.


Why credit card is not a negotiable instrument?

A credit card is not a negotiable instrument because it does not meet the legal requirements to be classified as one. Negotiable instruments must be unconditional promises to pay a fixed amount of money, which credit cards do not fulfill. Additionally, credit cards involve the extension of credit rather than a direct payment.