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Credit allows companies access to tools they need to produce the items we buy.
What else can I help you with?
How do you explain the working of Letter of Credit?
Explain the significance of letter of credit in international marketing?
What do you know by bank .explain functions and importance of bank?
A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:Accepting DepositsLending LoansProviding Bank AccountsProviding Credit Cardsetc.
What does the economy need to improve on?
CREDIT
How does credit make the economy grow include circular flow?
The monetary flow in a given economy as a result of the access to the credit makes the economy grow which includes the circular flow.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
Is a credit card a type of money in the economy?
Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.
What is different about interest rates or price credit from other prices in the economy?
what is different about interest rates, or price of credit, from other prices in the economy
What is considered very good credit?
A credit score of 720 or higher is generally considered very good credit.
Is salary considered a debit or credit?
credit
B Explain how a hostile takeover can trigger an accelerated obligation credit event?
Explain how a hostile takeover can trigger an accelerated obligation credit event
What credit score is perfect credit and what score is considered bad credit?
Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.
How is a 580 credit score?
A 580 credit score would be considered "poor". The national average before the economy imploded was 670. Scores in the low to mid 600's were "below average" or "fair", scores in the high 600s and low 700s were "good" or "average" and above that was considered excellent to varying degrees.
