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Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.

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10y ago

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How economy affect fashion?

The fashion world, as I like to call it, is being affected by the economy. Most people shop all the time, so they can wear what is 'in.' There are two results to this problem, and it all depends on the type of shopper you are. If you are the 'responsible' shopper, your going to buy clothing that you can pay for, and spend your money wisely, instead of worrying about what name brand is on your collar. But, if you are the 'credit-card' shopper, the economy isn't going to make a difference in your shopping trips. You would still buy the most expensive clothing, and fashion items, so you can stay 'in.' It's really that simple. Money is going to be made by the 'credit-card' shoppers, and lost by the 'responsible' shopper.


Which type of policy is being enforced when the supply of money in the economy increases?

loose money policy


What type of economy did the south have?

Not alot of money because the north had all the factorys.


Which type of credit involves a set limit based on what a consumer pays up front?

The type of credit that involves a set limit based on what a consumer pays up front is known as a secured credit card. With this type of card, the consumer typically makes a cash deposit that serves as collateral and establishes their credit limit. This deposit reduces the risk for the lender and helps individuals build or improve their credit history. If the consumer fails to make payments, the lender can use the deposit to cover the outstanding balance.


Decreasing the money supply involves which type of economic policy?

Decreasing the money supply does not involve any type of economic policy. It is what happens afterward that affects the economy. Decreasing the money supply will lead to higher interest rates.

Related Questions

Is there a other monopoly type then the original?

yes they have a new one with a credit card you enter the card in the atm or some money taking device and it takes the money from your credit/debit card


Build Credit with a Secured Credit Card?

It is possible to get a credit card with bad credit, even if you have previously been turned down. Choose a credit card company that allows you the option of securing your own credit card, meaning that you essentially put your own cash into a special account first. You then get your credit card and use your own money as credit. The more money that you can deposit, the more you can charge. This type of secured credit option allows you to build up your credit again, while allowing you the freedom and convenience of a credit card.


Can I transfer money from my credit card to another account?

Yes, you can transfer money from your credit card to another account through a process called a balance transfer. This allows you to move funds from your credit card to another account, such as a bank account or another credit card. Keep in mind that there may be fees associated with this type of transaction.


What type of stores accept business credit cards?

The only information found by searching on Google about what type of stores accept business credit cards is information on the Esso Business Credit Card. This card saves some money on gas.


Which type of business or institution is most likely to loan money to individuals?

a credit card company


What do you type in for credit card info for pirates online membership?

you type the credit card number


Can I transfer money from my credit card to another account or financial institution?

Yes, you can transfer money from your credit card to another account or financial institution through a process known as a balance transfer. This allows you to move funds from your credit card to another account, such as a bank account or another credit card. Keep in mind that there may be fees associated with this type of transaction, so it's important to check with your credit card issuer for specific details.


What type of credit is a credit card?

its a tpe of germinus


Where can you buy an orchard bank secured credit card?

Orchard bank credit cards are provided by HSBC bank. It's a secured credit card and as such you can only spend as much money as has been lodged to the card. These type of credit cards are commonly used by those with poor credit histories in an attempt to improve their credit rating.


Which credit card starts with 5433?

What type of credit card starts with 5433


Is a discover credit card a visa?

No, the Discover Card is a completely separate type of credit card. It is not a VISA or MasterCard.


What is an American express card a charge card or credit card?

Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.