ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit is based on the concept of ____
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Pay first
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You don’t have to pay, it’s free
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Buy now, pay later
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None of the above
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Explanation:
Detailed explanation-1: -Buy now, pay later (BNPL) is a type of short-term financing. These loans are also called point-of-sale (POS) installment loans. Consumers can make purchases and pay for them over time after an up-front payment. Buy now, pay later plans typically charge no interest.
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