When Did Installment Credit Explode on the American Scene

question 18

Multiple Choice

When did installment credit explode on the American scene?

• A)With the advent of the automobile in the early 1900s
• B)With the advent of television in the late 1940s
• C)Just after World War II
• D)During the recession of the 1950s
• E)During the inflation of the 1970s

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Definitions:

Civil Law

A legal system that deals with disputes between private individuals or entities, often involving compensation.

Failed

Refers to not achieving a desired result or failing to meet a specified standard or criterion.

Perform

To carry out, execute, or complete a task, action, or ceremony.

Statute Of Limitations

A law prescribing the maximum period within which legal action can be taken after a specified event, such as a crime or breach of contract.