Walmart grants credit to consumers who purchase for personal or family use. This type of credit is called
A) trade credit.
B) personal credit.
C) open credit.
D) consumer credit.

Question

Quizplus · Accepted Answer

Walmart grants credit to consumers for personal or family use, which is known as consumer credit. Trade credit is granted to businesses for purchasing goods and services, while open credit is a type of credit line that can be used for multiple purchases. Personal credit is a general term that can refer to any type of credit used by an individual.

Walmart Grants Credit to Consumers Who Purchase for Personal or Family