7
QuizMultiple Choice

A Roaring Economy — Quiz

Question 7 • US History Studies Since 1877

To buy goods on credit means to

Answer
A
promise to pay for goods later.
B
pay only a discount price.
C
promise to pay only a sale price.
D
pay cash for goods.

Explanation

Buying goods on credit means receiving the goods now and agreeing to pay for them later. It does not mean paying cash at the time of purchase, so the correct choice is “promise to pay for goods later.”

AI-written and checked against the verified answer.

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