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Questions and Answers
What does the term 'credit' signify?
What does the term 'credit' signify?
- Denying trust or confidence in somebody
- Borrowing money without the intention of repayment
- Reposing trust or confidence in somebody (correct)
- Receiving money without the intention of repayment
How can credit be classified?
How can credit be classified?
- According to the status of the debtor, time period, and purpose (correct)
- According to the type of paper used for documentation
- According to the number of witnesses present during the transaction
- According to the color of the currency used
What are the various types of credit classified based on?
What are the various types of credit classified based on?
- Status of the debtor, time period, and purpose (correct)
- Number of witnesses, time of the day, and location of the transaction
- Type of currency, language used, and debtor's occupation
- Size of the transaction, color of the debtor's clothes, and purpose
What are some characteristics of credit that are of prime importance?
What are some characteristics of credit that are of prime importance?
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What does the word 'credit' signify in economics?
What does the word 'credit' signify in economics?
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What does the Latin word 'credo' mean?
What does the Latin word 'credo' mean?
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How can credit be classified?
How can credit be classified?
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What does the term 'credit' signify in economics?
What does the term 'credit' signify in economics?
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What are some characteristics of credit that are of prime importance?
What are some characteristics of credit that are of prime importance?
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What are the various types of credit classified based on?
What are the various types of credit classified based on?
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