Question

What is an arrangement of receiving money, goods, or services now in exchange for the promise of payment later called?

A.) Collateral
B.) Interest
C.) Credit

Answer 1

Answer: For Plato family

Explanation:

the correct answer is C . Credit

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Answer 2

An arrangement of receiving money, goods, or services now in exchange for the promise of payment later is called credit. With credit, a person can get a car, house, appliances, furniture, and much more. The correct answer is C.