Any time that a person defers payment, they are using A) debt. B) trade. C) credit. D) bartering. Eliminate

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asked Sep 25, 2017 207k views

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Susie Humby · Answer 1 · 2017-10-01T17:23:40+0000

Answer:

C credit.

Step-by-step explanation:

A defer payment is a loan agreement in which the borrower is allowed to start making payment at some specified time in future. Any time that a person defers payment, they are using credit. Defer payment arrangement are often used in retail setting where a person buys items and promises to pay in future.

Any time that a person defers payment, they are using A) debt. B) trade. C) credit. D) bartering. Eliminate

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