Understanding Credit

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Questions and Answers

What does the term 'credit' signify?

  • Reposing trust or confidence in somebody (correct)
  • Exchanging trust or confidence with somebody
  • Denying trust or confidence to somebody
  • Requesting trust or confidence from somebody

Which is considered the most acceptable security or collateral for credit?

  • Stocks and bonds
  • Land with a title (correct)
  • Houses and machines
  • Crops and valuable properties

What does public credit include?

  • Grants of credit without security
  • Grants of credit to private institutions
  • Grants of credit to governments (correct)
  • Grants of credit to individuals

What is the nature/characteristic of credit that refers to the size of credit granted?

<p>Size of credit (B)</p> Signup and view all the answers

What are loans granted without security referred to as?

<p>Unsecured (B)</p> Signup and view all the answers

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