Credit Instruments in Financial Transactions

Credit Application (correct)

Neighborhood Sari-Sari Store

Credit Instrument

Written Contract

To justify the use of written contracts

To gather information about the customer

To serve as the cornerstone of the customer's credit file

To support credit transactions (correct)

For transactions with written contracts

For transactions involving large sums of money (correct)

For transactions involving small amounts of money

For transactions with neighborhood sari-sari stores

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