The Basics of Credit, business and finance homework help

Just six easy questions nothing fancy.

Answer the following questions. Submit in the text box below or submit as a word or document.

  1. What is credit?
  2. What is the difference between commercial and consumer credit?
  3. Why is it important to have a good credit rating?
  4. Discuss the different sources of credit.
  5. How is a multipurpose credit card different from a travel and entertainment card?
  6. Which types of loans usually cost the most?