Question

What is it called when people buy things with a small down payment and an agreement to make future monthly payments? A) installment buying B) mass production C) assembly line D) revolving credit

Answer 1

What is it called when people buy things with a small down payment and an agreement to make future monthly payments?

The correct answer is letter A: installment buying.

Letter B and letter C refer to different types of production. Moreover, letter D refers to a loan that gives you an amount of money.

As regards installment buying, it refers to a purchase in which the buyer obtain facilities, and then, he could make future monthly payments.

Answer 2

the correct answer is A. because B and C are totally mixed in with one another and have nothing to do with it and D is based off of future non payments etc

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