latinbebe
Answered

Which is an example of using credit?

A.A consumer buys an item and pays by check.

B.A consumer buys an item and promises to pay later.

C.A consumer buys a share in a company.

D.A consumer buys an item and argues over the price.

Verified Answer :

The answer is B just took the test.

Hope that this helps a lot and hope that you pass your test just like I did

ablazeneed

The correct answer is "B".

A credit is a form of extending monetary funds to a person or entity which will pay the loaned sum plus the generated interest in a previously accorded period of time. There are diverse forms of credit which include:

  • Vehicle credit
  • Home credit (mortgage)
  • Personal credit (offered in the form of a loan or a credit card)

Related Questions