Question

PLLLLEEEAAASSSEE Help...I will give you a Medal...
Which of the following is a characteristic of a deferred payment plan?
There is an introductory period where no interest is accrued.

The item purchased is used as collateral until the balance is paid in full.

A down payment is always required.

A certain number of payments must be made before the product is owned.

Answer 1

i think the item purchased is used as collateral until the balance is paid in full

Answer 2

....I was wrong....:( Thats doe