Final answer:
Jake used a 'Credit Single Lump Sum' arrangement, which means he will pay back the borrowed amount in one payment after 90 days, differing from typical credit card short-term loans that are repaid monthly.
Step-by-step explanation:
Jake Skinner utilized a type of credit arrangement that required him to repay the amount in full with one payment at the end of a set period, in this case, 90 days. This arrangement is not associated with installment sales, revolving credit, or installment cash credit, which typically involve regular payments over time or continuous borrowing up to a certain limit.
Given that Jake's payment structure involves a single lump sum at an agreed future date, the type of credit used is termed as 'Credit Single Lump Sum' (option C). This is unlike the standard credit card structure where funds are immediately transferred from the credit card company to the seller, and the user is expected to pay back the borrowed amount typically at the end of the monthly billing cycle. The description provided outlines the difference between a short-term loan offered by credit cards and the lump-sum credit arrangement employed by Jake for his purchase.