To buy goods on credit means to
A. pay cash for goods.
B. promise to pay for goods later.
C. promise to pay only a sale price.
D. pay only a discount price.
Answer (2)
Buying goods on credit means promising to pay for them later. This allows consumers to obtain products immediately while spreading the payment over time. It's crucial to understand the implications of using credit for financial management. ;
To buy goods on credit means to promise to pay for them later, allowing immediate possession of products without full upfront payment. This practice involves a credit agreement for repayment over time. The correct answer is B. promise to pay for goods later.
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