When Did Installment Credit Explode on the North American Scene

question 109

Multiple Choice

When did installment credit explode on the North American scene?

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

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Definitions:

Insightful Approach

A method or strategy characterized by the ability to understand complex or hidden aspects of a problem, leading to a novel solution.

Labor Law

The body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on, working people and their organizations.

Employer Needs

The requirements or demands of employers that need to be met for operational success, including staffing, productivity, and regulatory compliance.

Employee Needs

The requirements and desires of employees in the workplace, including fair compensation, safe work environments, and respect.