Ask Question
17 April, 14:33

What relation does credit and debt have?

+2
Answers (1)
  1. 17 April, 14:58
    0
    Credit represents money that is available to be borrowed. Meaning, you can buy things with the use of credit card with borrowed money. Your card company will pay for your purchases but when your card statement arrives, it will pay for the borrowed money. Debt, on the other hand, represents money that was borrowed and that has not yet been paid back. Credit is the ability to create debt.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What relation does credit and debt have? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers