Question

What is the "installment plan" that originated during the 1920s

A. it is a contract that requires you to pay off your debt in one lump sum
B. it is a plan for ford to send you an additional spare tire for your new ford automobile each month.
C. it is a plan that forces buyers to purchase items without credit options
D. it is a planned way to pay a small amount once a month until you have payed off your debt

Answer 1

D. it is a planned way to pay a small amount once a month until you have payed off your debt

Step-by-step explanation:

During the 1920s many Americans bought high-cost items, such as refrigerators and cars, on the installment plan, under which they would make a small down payment and pay the rest in monthly installments. Some buyers reached a point where paying off their debts forced them to reduce other purchases.