Installment sales credit is a:
A) direct loan of money for personal purposes.
B) direct loan of money for home improvement.
C) loan that allows you to receive merchandise such as a refrigerator or furniture.
D) direct loan for vacation purposes.
E) synonym for a single lump-sum credit.

Question

Quizplus · Accepted Answer

Installment sales credit is a loan that allows you to receive merchandise such as a refrigerator or furniture and pay for it in installments over time. It is a common form of financing for big-ticket items.

Installment Sales Credit Is A