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Money is a solid object, once you spend it, its gone. and credit is not solid, instead kind of an iou to the bank. Basically whats happening is the bank loan you money every time you need it ( charge you for it too) and then at the end of the month you have to pay it back. also another way to carry money is on a debit card, this is a card that basically holds your money, there are no fees for debit cards since its your money, maybe just a small service charge.
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∙ 15y ago
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What is the difference between credit and debt?
credit is money and dept is where you owe someone or the bank alot of money did this help you?
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
Difference between credit sales and credit purchases?
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What best describes the difference between credit and debt?
Credit measures ability to buy, while debt means money owed.
What is the difference between credit and debt?
credit is money and dept is where you owe someone or the bank alot of money did this help you?
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
In accounting what is the difference between debit and credit?
A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
Difference between credit sales and credit purchases?
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
What best describes the difference between credit and debt?
Credit measures ability to buy, while debt means money owed.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
Difference between cash credit and overdraft?
Cash is money. Credit is a delayed form of payment. Overdraft is based on credit and is also a delayed form of payment.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
What is the difference between money and credit?
hi, i wanted to konw the differecne beteen money and cerdit so if case there is the answer let me konw
