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When explaining credit to a friend, which of the philosophy can you use? (Points : 4) a. Buy now, pay later b. Buy later, pay now c. Don’t worry about paying back d. none of the above
When explaining credit to a friend, the philosophy you can use would be a. Buy now, pay later. [ Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment.[1] Credit is extended by a
creditor, also known as a lender, to a debtor, also known as a borrower. ]
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Expert answered|jher000|Points 7660|
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Asked 9/24/2012 1:08:25 PM
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