Your Credit Limit Is Determined by a Number of Factors,such

question 141

True/False

Your credit limit is determined by a number of factors,such as financial position,earning power,etc.

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, ideally retaining its value over time.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.

Medium Of Exchange

A middleman device or framework that assists in facilitating transactions, including the selling, buying, or swapping of items, among participants.

Money Supply

The overall financial capital available in an economy at a particular moment.