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Mekhanik [1.2K]
3 years ago
8

What is an example of credit? Question 11 options: A person withdraws money from a bank account using an ATM card. A person borr

ows money from a finance company to buy a car. A person deposits a paycheck into a savings account. A person pays interest on an existing mortgage.
Social Studies
2 answers:
MatroZZZ [7]3 years ago
6 0
<span> A person borrows money from a finance company to buy a car.</span>
Alina [70]3 years ago
4 0

Answer:

Option (B) is correct.

Explanation:

Credit refers to a facility or amount received by a person for making certain transactions and this amount will be paid by the customer in installments in the future.

Hence, when a person borrow some money from the finance company to buy a car is considered as a car loan or car credit given by the finance company and the borrower have to pay this amount in the near future.

So, credit is a facility that is provided by the various financial institutions and this facility enable the customer to pay the amount at a later date.

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White raven [17]

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beks73 [17]
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2 years ago
Consider a market with 190 consumers. Of these, 90 of them have individual (nverse) demands given by: PM(Q)=10-Q, while each of
Molodets [167]

Answer:

Check the explanation

Explanation:

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Kindly check the attached image below to see the step by step explanation to the question above.

6 0
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Answer:

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Explanation:

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