Tag Archives | Credit

9 Main Functions of Credit | Banks

The following points highlight the nine main functions of credit. The functions are: 1. Economy in the use of money 2. Easy exchange and remittance 3. Helpful to production 4. Promotion of trade especially foreign trade 5. Expansion of bank credit 6. Financial accommodation to industries 7. Benefits to consumers 8. Credit to the government sector 9. Stability. Function # [...]

By |2017-01-13T05:55:17+05:30January 13, 2017|Credit|Comments Off on 9 Main Functions of Credit | Banks

Can Banks Create Credit?

Get the answer of: Can Banks Create Credit? Commercial banks perform a number of functions in modern times. These are as follows: 1. Commercial banks collect the savings of the community. These are provided as loans to the various sectors of the economy. 2. Banks make loans and investment. Bank lend money to traders, indus­trialists and other persons for various [...]

By |2017-01-13T05:55:16+05:30January 13, 2017|Credit Creation|Comments Off on Can Banks Create Credit?
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