joythblessy
Nov 30, 2013
Writing Feedback / IELTS academic - Rules on loan and credit card [6]
hai...
I too agree that your answer is out of topic.
As a result of using large sum of money through credit card, which is not paybacked, banks face shortage of money. This may affect the economy directly or indirectly.
As the banks were not able to give money to the business firms the growth of business will dininish, unemployment, low tax return and the government may suffer.
Unemployment limits the return of money dubt money, back to bank.
As banks became empty the individual, society and the society suffers.
Results in recession....).
Tessy.
This shortage affect directly or indirectly to the economy
hai...
I too agree that your answer is out of topic.
As a result of using large sum of money through credit card, which is not paybacked, banks face shortage of money. This may affect the economy directly or indirectly.
As the banks were not able to give money to the business firms the growth of business will dininish, unemployment, low tax return and the government may suffer.
Unemployment limits the return of money dubt money, back to bank.
As banks became empty the individual, society and the society suffers.
Results in recession....).
Tessy.
This shortage affect directly or indirectly to the economy