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- Nikita Chetry
- Latest Answer: 2 weeks ago
- In: Commerce
What is credit? How does a bank create credit?
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1 Answers
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- Answered By Nikita Chetry
- Answer: 2 weeks ago
Credit: Credit means claims to receive payments from borrowers.Credit Creation by a Bank: A bank creates credit by keeping a fraction of total deposit and lending the balance to the people who approac...
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