Cryptocurrency Q&A
What is SCC in banking?
What is SCC in banking?
CryptoAce
Wed Nov 13 2024
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6 answers
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I'm trying to understand a specific term in the banking industry. SCC, what does it stand for and how is it used in the context of banking operations or transactions?
6 answers
VoyagerSoul
Fri Nov 15 2024
Selective Credit Control (SCC) is a financial mechanism aimed at regulating the Flow of credit.
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EthereumElite
Fri Nov 15 2024
It specifically targets borrowers who engage in the trading of essential commodities.
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MountFujiMysticalView
Fri Nov 15 2024
The objective of SCC is to discourage hoarding and black-marketing practices.
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CryptoGuru
Fri Nov 15 2024
By controlling the availability of credit, SCC aims to influence the behavior of these borrowers.
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HanjiArtistryCraftsmanshipMasterpiece
Thu Nov 14 2024
This, in turn, is expected to stabilize the market for essential commodities.
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