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What is the function of credit?

functin of the credit
September 10, 2011


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Credit refers to providing resources of one party to another party who is short in financial resources. The second second party does not have to pay the first party immediately, only at a later date. The resources provided may be financial, or they may consist of goods or services.

The most important function of credit is to facilitate the transfer of capital and the business, to promote the production of wealth.

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