7
QuizMultiple Choice

Society in the Roaring Twenties

Question 7 • DCSS US History CR 24-25

Which phrase best defines credit?

Answer
A
the process of continually purchasing goods at ever-increasing prices
B
the immediate obtainment of goods or services in exchange for future payment
C
the use of a deposit to secure goods for a later date
D
the value of a property, good, or service

Explanation

Credit lets someone obtain goods or services now and pay for them later. That matches “the immediate obtainment of goods or services in exchange for future payment.” A describes rising-price purchases, while C describes reserving goods with a deposit.

AI-written and checked against the verified answer.

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