About this document
Evolution of Credit in the Philippines by Monica Gunnacao is a document available to read on EtoBox.
The document discusses the development of credit in the Philippines from pre-Spanish times to the American era and beyond. It provides definitions and types of credit. 1) Credit systems evolved from barter trade with foreign countries to the introduction of banking and credit programs by American administrators like rural banks and agricultural credit associations. 2) Credit is defined as purchasing power based on trust and a promise to pay in the future. It comes with advantages like facilitating wealth
- Author
- Monica Gunnacao
- Language
- EN