Question

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The extensive use of
A. bartering
B. prohibition
C. credit
D. inflation
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7 8
9
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during the 1920s allowed consumers to "buy now, pay later."
Please select the best answer from the choices provided
54:

Answer 1

During the 1920s, consumers were able to buy goods and services on credit, allowing them to make purchases without immediate payment. The correct answer is credit.

Step-by-step explanation:

1. The correct answer is C. credit. During the 1920s, consumers were able to make purchases using credit and pay for them later. This allowed people to buy goods and services without immediate payment, which contributed to the economic growth and prosperity of the time.
2. Bartering refers to the exchange of goods or services without using money. It was not extensively used during the 1920s as a form of transaction. Therefore, option A is incorrect.
3. Prohibition was a nationwide ban on the production, sale, and distribution of alcoholic beverages, and it was implemented in the United States from 1920 to 1933. It is not related to buying on credit, so option B is incorrect.
4. Inflation refers to a general increase in prices and a decrease in the purchasing power of money. While there may have been some inflation during the 1920s, it is not directly related to the ability of consumers to buy on credit. Thus, option D is incorrect.

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