Consumer credit is based on trust in people's ability and willingness to pay bills when due.

Name: Consumer credit is based on trust in people's ability and willingness to pay bills when due.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Consumer credit is indeed based on the trust that individuals will pay their bills on time, as it involves lending money or extending credit under the assumption that borrowers will repay their debts according to agreed-upon terms.

Consumer Credit Is Based on Trust in People's Ability and Willingness