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 involves promising to pay for them later, allowing consumers to make purchases without immediate cash payment. This method includes the responsibility to fulfill payment obligations over time, often with added interest. It is important to understand the terms of any credit agreement to ensure responsible financial management. ;
To buy goods on credit means to promise to pay for the goods later, which is the correct choice (B). This method allows consumers to make purchases without immediate cash while committing to future payments, often with interest. It's essential for consumers to understand the payment terms related to credit purchases.
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