Economics B A-Level
Credit provision
What Credit provision means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Credit provision
Check what you remember
Read the wording for your board, then hide it and explain Credit provision in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Banks providing credit allows economic agents to borrow funds, enabling consumers to purchase high-value goods and businesses to invest in capital, expand operations and manage cash flow.
Topics that use Credit provision
- Role of banks in the economy (Pearson Edexcel A-Level)
Related terms
- Business investment
- Collateral
- Consumer spending
- Economic growth
- Financial intermediation
- Interest rates
- Saving
- Secured loans
Using Credit provision 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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