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QuizMultiple Choice

Boom and Bust

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

To buy goods on credit means to

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

Explanation

Buying goods on credit means receiving the goods now and agreeing to pay for them later. So the correct choice is “promise to pay for goods later.” Paying cash means paying immediately, not buying on credit.

AI-written and checked against the verified answer.

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