3
QuizMultiple Choice

Boom and Bust

Question 3 • [HSSUS] US History, Sem 1 (26-27)

Which is an example of using credit?

Answer
A
A consumer buys an item and pays by check.
B
A consumer buys an item and promises to pay later.
C
A consumer buys a share in a company.
D
A consumer buys an item and argues over the price.

Explanation

Credit means receiving something now and agreeing to pay for it later. Choice B describes a consumer buying an item with that promise. Paying by check is a form of immediate payment, while buying a share is an investment and arguing over the price is negotiation.

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