Question

Consumers who agree to a "no interest” installment plan should be aware of

A) how much is saved by avoiding cash.

B) the terms outlined in the paperwork.

C) sales that would lower prices.

D) interest rates other consumers pay.


ANSWER: B) the terms outlined in the paperwork

Answer 1

the correct answer is b

Answer 2

B) the terms outlined in the paperwork

There are pros and cons to zero-interest, deferred-payment deals, but ultimately the responsibility rests with the consumer to make on-time payments and avoid needless and costly interest charges.