Question

Select the correct answer from each drop-down menu.

Answer 1

Answer:

A source of money that allows individuals to pay for goods and services later is called CREDITS.

An advantage of this source of money is it's allow the person to pay at it's convient time

A disadvantage of this source of money is that it allow increase in financial debt.

Explanation:

Credit in economics and finance is the trust and agreement between buyers and sellers that allow the buyers to purchase goods and services and pay for it later at his convinient time and when he has the money.

The advantage of this is that it allow the buyer to pay at his convinient time.

The disadvantages of this is payment default and accumulation of future financial debt for the buyers.