Which statement defines the term credit?
A. an arrangement to buy or use now and pay later
B. an arrangement to pay first and buy or use later
C. an arrangement to use other people's cash

Question

Which statement defines the term credit?
 A. an arrangement to buy or use now and pay later
 B. an arrangement to pay first and buy or use later 
C. an arrangement to use other people's cash

anonymous · Answer

http://openstudy.com/study#/groups/finance

dmezzullo · Answer

A. 
bc with Credit ppl will buy the thing and then a few yrs down the road or so they finally decide they needa pay off their debt