Credit allows you to acquire an asset or to obtain a loan and repay the balance at a later time.

Name: Credit allows you to acquire an asset or to obtain a loan and repay the balance at a later time.
Brand: Quizplus
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Question

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Credit is a financial tool that allows individuals and businesses to acquire assets or obtain loans with the understanding that they will repay the borrowed balance at a later date with interest. It is a form of debt that provides leverage for investments or purchases that may not be possible otherwise.

Credit Allows You to Acquire an Asset or to Obtain