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 Management Presentation” 
1
 
INTRODUCTION
Credit is an integral part of thehuman lifestyle.
Consumer credit is readily available.
It is important to understand the roleof credit in civil society.
 This involves the consideration of:
Institutions
Instruments
Lending practices
Legal framework
2
 
WHAT IS CREDIT?
Consumer credit is used to meetpersonal needs.
Credit increases purchasing power inthe short term.
However, credit does not increasetotal purchasing power becauseinterest and principal must berepaid.
“power to buy or borrow on trust”
…
 Macquarie Dictionary
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