Which is an example of using credit?
A. A consumer buys an item and pays by check.
B. A consumer buys an item and promises to pay later.
C. A consumer buys a share in a company.
D. A consumer buys an item and argues over the price.
Answer (2)
An example of using credit is when a consumer buys an item and promises to pay later. This practice allows for purchasing goods without immediate payment. Understanding credit is essential for managing personal finances effectively. ;
The correct answer is B: A consumer buys an item and promises to pay later, which exemplifies the use of credit. Credit allows consumers to obtain goods before paying for them. It is essential for understanding personal finance management.
;
