What impact do credit cards have on the economy?

From an economic perspective, they can be brought to the market so that customers can shop without worries.

The purpose of credit cards is What?

A credit card is a card that allows you to shop anytime and anywhere without having to carry a large amount of cash with you.

The card issuer (e.g. Bank) is willing to bear part of the consumer spending for the card holder (e.g. provide discounts)

What are the benefits of a credit card to the card issuer?

The main reason is to increase the company's customer volume and secondly to earn its interest

If the card holder is determined enough, he will not "exploit the card" and will not be affected by the credit card. Willingness to Spend

So, credit cards do all the harm and no good to the card holder?

No, because the bank sees "busy cards" and earns its interest this time Yes, the most important thing for the bank is to keep the customer's name, address and save book number in the bank's book

It will not affect the intention to spend by credit card

So, credit card Is it harmful to the card holder but not beneficial?

Unexpectedly

One of the conditions

may be

mv = py The increase in circulation velocity increases economic flow, increases the amount of money, and accelerates economic development.

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