Podcast
Questions and Answers
What is a crucial criterion for granting credit according to the text?
What is a crucial criterion for granting credit according to the text?
- Government assistance to creditors
- Facilities for credit operations
- Availability of credit sources
- Stable money standard (correct)
Why do creditors need absolute confidence in debtors' character and ability?
Why do creditors need absolute confidence in debtors' character and ability?
- To ensure debtors honor and settle their obligations (correct)
- To avoid enforcing payment of loans
- To ensure debtors can obtain goods and services
- To prevent debtors from accepting obligations
What characteristic enables an individual to obtain goods and services without cash?
What characteristic enables an individual to obtain goods and services without cash?
- Credit as a power (correct)
- Government assistance
- Availability of credit information
- Facilities for credit operations
Why is it necessary for the money standard to be stable in the credit system?
Why is it necessary for the money standard to be stable in the credit system?
What must be available for those granting credit to make a correct evaluation of credit rating?
What must be available for those granting credit to make a correct evaluation of credit rating?
How does credit as a power benefit individuals?
How does credit as a power benefit individuals?
What is the main characteristic of credit according to the text?
What is the main characteristic of credit according to the text?
Which type of credit is described as being extended to consumers for personal consumption or enjoyment?
Which type of credit is described as being extended to consumers for personal consumption or enjoyment?
What is the primary reason for Consumer Credit according to the text?
What is the primary reason for Consumer Credit according to the text?
Which type of credit is specifically given by commercial banks to assist businessmen in their operations?
Which type of credit is specifically given by commercial banks to assist businessmen in their operations?
What is a key characteristic of Mercantile Credit as described in the text?
What is a key characteristic of Mercantile Credit as described in the text?
In what type of enterprise is credit considered the motive power according to the text?
In what type of enterprise is credit considered the motive power according to the text?
