What was true about both credit and layaway plans?

History

1 answer:

blagie [28]3 years ago

7 0

Answer:

Explanation:

They made it easier for consumers to spend money.

layaway plan is when a customer pay for an item progressively and is only allowed to collect the product or item after the finish paying for it. on the other hand, credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.

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