Answered

This is an arrangement in which consumers agree to buy now and pay later for purchases, often on an installment plan that includes interest charges.

A. speculation
B. credit
C. price support
D. buying on margin



Answer :

GinnyAnswer

Final answer:

Credit is an arrangement where consumers buy now and pay later with interest charges.


Explanation:

Credit is an arrangement where consumers agree to buy now and pay later for purchases, often on an installment plan with interest charges. It involves obtaining goods and services before payment based on trust that payment will be made in the future. Credit markets are where lenders extend credit to borrowers.


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