Consumer credit dates back to colonial times where farmers came to use it extensively .
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Q4: A trade-off of using credit is that
Q5: Closed-end credit is used for a specific
Q6: A consumer applies for open-end credit to
Q7: Consumer credit may allow businesses to be
Q8: Economists recognize consumer credit as a major
Q10: Credit can indicate stability since lenders consider
Q11: Using the simple interest formula, the interest
Q12: Installment sales credit is a loan that
Q13: Open-end credit consists of loans made on
Q14: A disadvantage of using credit is the
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