Question

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.

Answer 1

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

Answer 2

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)