Which One of the Following Is an Advantage of Using

question 82

Multiple Choice

Which one of the following is an advantage of using credit?

• A)potential bankruptcy
• B)spending beyond your budget
• C)funding an emergency expense
• D)committing future income to pay for current purchases
• E)incurring interest charges

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Definitions:

Conditional Sale Agreement

A contract for the sale of goods where the full price is payable in installments, and the ownership of the goods does not pass to the buyer until certain conditions, typically the payment of the final installment, are met.

Registered

Officially recorded or enrolled in a list or database by a recognized authority.

Seize

To take possession of something forcefully or by legal authority.

Landowner

An individual or entity that holds legal title to a piece of land or property.