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AssignmentMultiple Choice

Unit Test

Question 1 • First Semester American History new

How does a person use credit to make a purchase?

Answer
A
leaves a deposit with the seller
B
makes a promise to pay at some point in the future
C
gives the cashier a handful of cash

Explanation

Using credit means receiving a good or service now and agreeing to pay for it later. The person makes a promise to pay in the future, rather than paying cash at the time of purchase or leaving a deposit with the seller.

AI-written and checked against the verified answer.

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