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Define Credit control by central bank?

Credit Control by a central bank is an activity by which the central bank of the nation controls the availability of credit facilities to its citizens. Relaxed laws mean that loans are available easily and cheaply whereas tight credit laws mean that loans are not available easily. They are both difficult and costly. Mostly central banks relax credit laws in times of economic downtimes to encourage borrowing and to increase cash flow.


Where are free credit reports available?

There are free credit reports available at www.freecreditscore.com. You can also obtain a credit report from your bank pr credit institution. As well, you can get one from a financial company.


What types of credit card are available from Bank West?

Some types of credit cards that are available from Bank West are those that are registered under Visa. These credit cards will allow you to purchase lots of items.


Where are credit banks situated?

Credit banks hold the amount of credit available in the banking system. Credit banks are situated at different places; the actual situation of the credit bank depends on the bank itself.


What does CR mean on a bank account?

credit


What does cash in the bank mean?

It means you bank account is in credit, you have money to spend.


What does it mean to credit an account?

a/c in entry in the bank.....


What does the code bgc on Natwest bank statement mean?

It means Bank Giro Credit


If your bank account says you have 348 in credit and your available to spend is 328 what does this mean?

It could be because this 20 is blocked to pay off for some other transaction.


WHAT DOSE CR MEAN ON A BANK STATEMENT?

CR= Credit.


What does mdc mean on a bank statement'?

miscellaneous debit & credit


What does FPC on a Lloyds bank statement mean?

Faster payment credit Faster payment credit