Single Answer MCQ
Q-00045480
What is the significance of credit for economic development?
1
It limits consumption choices
2
It encourages savings only
3
It enables investments and business growth
4
It increases reliance on cash transactions
Answer and Solution
Answer
C. It enables investments and business growth
Solution:
Credit is crucial for economic development as it facilitates investments and growth in businesses, allowing individuals and companies to expand and improve productivity.
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