Hillary Wants to Purchase a Refrigerator on Credit

question 87

Multiple Choice

Hillary wants to purchase a refrigerator on credit.If she uses an instalment plan, what is most likely to occur?

• A)A down payment will be required.
• B)A discounted price on her purchase will not be offered.
• C)By law, finance charges on her account cannot exceed 20 per cent of the purchase price.
• D)Taxes will not be charged.

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