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Credit is a promise to pay for something at a later date. True or False?

User Tshepang
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This question would be true .
User Kautikmistry
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7 votes

Answer:

True

Step-by-step explanation:

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date generally with interest. Credit also refers to an individual or business' creditworthiness or credit history.

User MrMarlow
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