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Wednesday, March 9, 2016

Mention the objectives/ aim/ goals/ advantages of credit control

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There are many objectives/ aim/ goals/ advantages of credit control. These ares-
1.    Maintain stability in the internal price level.
2.    Maintain stability in the exchange rate.
3.    Maintain stability in the money market of the economy.
4.   Eliminate or to reduce the vagaries of business cycles by controlling and regulating the supply of credit.
5.   Maximize income, employment and output in the economy.
6.  Meet financial requirements of the economy not only during normal times but also during the emergency or war.
7.    Promote economic growth.
 
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