answersLogoWhite

0

the use of credit allows the possible production of good.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

What is the significance of the 30 credit card rule when it comes to managing personal finances?

The significance of the 30 credit card rule in managing personal finances is that it suggests keeping the total number of credit cards you have to around 30 or less. This rule helps prevent overspending, simplifies tracking expenses, and reduces the risk of accumulating excessive debt.


What are the significance of bank credit to the growth of firms?

The Importance of Credit In The side of Manufacturers For the producers of goods and services, credit extended to them is something valuable. Through credit, they could able to loan funds or capital that is essential for the means of expansion. It helps firm to expand the control of production which means more goods and services, more surplus (profit). Credit for the producers also serves as a channel for greater profit, well, if they retail product for credit more income will gather. Since, interest is an addition.


What is the significance of having no expiration date on a credit card?

Having no expiration date on a credit card can be significant because it allows the card to be used for a longer period without needing to be replaced. This can be convenient for the cardholder and reduce the hassle of having to update payment information frequently.


What is the purpose and significance of the CVV on a credit card?

The CVV on a credit card is a security feature that helps verify the cardholder's identity during online or over-the-phone transactions. It adds an extra layer of protection against fraud by ensuring that the person making the purchase physically possesses the card.


What is the significance of empty credit card numbers in 2015?

Empty credit card numbers in 2015 were significant because they were often used by cybercriminals for fraudulent activities such as identity theft and financial fraud. These numbers could be obtained through data breaches or hacking, posing a serious threat to individuals and businesses.

Related Questions

How do you explain the working of Letter of Credit?

Explain the significance of letter of credit in international marketing?


What is the significance of the 30 credit card rule when it comes to managing personal finances?

The significance of the 30 credit card rule in managing personal finances is that it suggests keeping the total number of credit cards you have to around 30 or less. This rule helps prevent overspending, simplifies tracking expenses, and reduces the risk of accumulating excessive debt.


What are the significance of bank credit to the growth of firms?

The Importance of Credit In The side of Manufacturers For the producers of goods and services, credit extended to them is something valuable. Through credit, they could able to loan funds or capital that is essential for the means of expansion. It helps firm to expand the control of production which means more goods and services, more surplus (profit). Credit for the producers also serves as a channel for greater profit, well, if they retail product for credit more income will gather. Since, interest is an addition.


What is the significance of having no expiration date on a credit card?

Having no expiration date on a credit card can be significant because it allows the card to be used for a longer period without needing to be replaced. This can be convenient for the cardholder and reduce the hassle of having to update payment information frequently.


What is the significance of credit in a documentary film?

Credit in a documentary film is important because it acknowledges and gives recognition to the individuals who contributed to the creation of the film. It helps to establish credibility and professionalism, and also serves as a way to honor the hard work and talent of the people involved in making the documentary.


What is the purpose and significance of the CVV on a credit card?

The CVV on a credit card is a security feature that helps verify the cardholder's identity during online or over-the-phone transactions. It adds an extra layer of protection against fraud by ensuring that the person making the purchase physically possesses the card.


What is the significance of empty credit card numbers in 2015?

Empty credit card numbers in 2015 were significant because they were often used by cybercriminals for fraudulent activities such as identity theft and financial fraud. These numbers could be obtained through data breaches or hacking, posing a serious threat to individuals and businesses.


What is the Significance of a 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 is the significance of hiraj?

no significance


What is the significance of being y2k compliant?

The significance of being Y2K compliant was that if you were compliant, you would not lose data when the calendar changed from 1999 to 2000. At the time, many people were afraid that if their computers were not Y2K compliant, they would all begin to malfunction and mess up things like ATM withdrawals, credit statements, and bank accounts.


What is the adjective and adverb of significance?

The adjective of significance is significant.The adverb of significance is significantly.


Significance of Pharmaceutical?

Significance of Pharmaceutical