ChildishFox ChildishFox

29-03-2016
Social Studies

contestada

Any time that a person defers payment, they are using A) debt. B) trade. C) credit. D) bartering. Eliminate

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anaaranda03 anaaranda03

29-03-2016

the correct answer is c

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Manetho Manetho

21-08-2019

Answer:

C credit.

Explanation:

A defer payment is a loan agreement in which the borrower is allowed to start making payment at some specified time in future. Any time that a person defers payment, they are using credit. Defer payment arrangement are often used in retail setting where a person buys items and promises to pay in future.

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