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in the various stages of economic development, not a few former underdeveloped nations have achieved higher levels of stability and growth in both economic and social endeavors.

it is most evident that the credit system,among other things , has been very instrumental in the development and progress of nations.

it means that the rate of economic growth of a country depends on the stability of credit .

basically this chapter focuses on the importance of credit on the development and growth of our country.

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Q: What is the nature and function of credit?
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