what is meant by credit control?
- MJ23_4lifeLv 61 decade agoFavorite Answer
Credit control is, along with the interest rate, a way of controlling the creation of money by the banks since new money is brought into circulation through bank credit. It has the merit of not relying on the law of the market, as the interest rate does, and therefore of obviating - in theory - the need for excessive rises in the interest rate
- 1 decade ago
The above answer looks great! My company engages in that.
Don't vote for this answer. Second answer added to bring question to a vote.