Installment sales credit is a loan that allows a consumer to purchase high-priced items such as large appliances or furniture.
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Q7: Consumer credit may allow businesses to be
Q8: Economists recognize consumer credit as a major
Q9: Consumer credit dates back to colonial times
Q10: Credit can indicate stability since lenders consider
Q11: Using the simple interest formula, the interest
Q13: Open-end credit consists of loans made on
Q14: A disadvantage of using credit is the
Q15: During the grace period, finance charges are
Q16: Although credit allows immediate satisfaction of needs
Q17: When used effectively, credit can help a
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