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JulsSmile [24]
3 years ago
10

How does the use of credit influence businesses and the economy?

Business
2 answers:
Anarel [89]3 years ago
5 0
A credit company will look at your history with credit and either accept you or deny you based on your credit score

i hope this helps..;)


WITCHER [35]3 years ago
3 0
If applying for a thing like a loan, a bank will look at your credit history. Based on your score and how good your credit is they will either accept you or deny you. Keeping good credit is very important.
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<u>Explanation:</u>

Some of the essential preparations when communicating to inform, persuade, and argue includes;

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  • Be mindful of what your audience already know about the subject and avoiding stating mainly what they know already; so they will be more interested in what you have to say.
  • Use appropriate language and terms  that your audience can easily understand.
  • Make references to respectable outside sources that back your claim.
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Answer:

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As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.

But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same

This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate

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