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SashulF [63]
2 years ago
5

5. Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)

English
1 answer:
Troyanec [42]2 years ago
6 0

The revolving credit notion is one in which one can continuously borrow up to a set amount while paying back an agreed part of what is borrowed on a fixed basis. This finance idea can assist in financing and shaping a business with very little personal money. A scenario in which revolving credit may be highly considered is for a business startup, such as an export business, which involves a large sum that the investor may not be able to afford, or because the nature of the market requires an amount greater than one's capital outky, the evolving credit allows repeated borrowing of money with only a portion being paid on a regular basis. This can enhance a company's survival and growth.

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brainly.com/question/22068883

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