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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.

Mindee Nelson

in History

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1 answer

Tara Andrews on February 28, 2018

B. A consumer buying an article and promises to pay later is the answer.(If you purchase and pay by check, then you do not owe any money, but if you promise to pay later, then it should be..hence the creation of credit. The purchase of a participation in a company also is paid at the time. Discussing the price is definitely not credit.)

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