Economics B A-Level
Credit
What Credit means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Credit
Check what you remember
Read the wording for your board, then hide it and explain Credit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Borrowed money that must be repaid with interest, allowing consumers and businesses to borrow for immediate use.
Topics that use Credit
- Types and sources of credit and the impact of credit within the economy (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Business investment
- Financial institutions
- Leasing
- Loan
- Overdraft
- Share capital
- Trade credit
Using Credit in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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