ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which situation explains how a credit becomes a debt?
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An electronics store extends credit to a buyer, and then owes a debt to the buyer.
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A farmer purchases used equipment in exchange for a share of the crops grown.
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A mechanic exchanges services with a plumber, and incurs a debt to the plumber.
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A buyer purchases furniture on credit, and then owes a debt to the furniture store.
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Explanation:
Detailed explanation-1: -The answer is A )buyer purchases furniture on credit, and then owes a debt to the furniture store.
There is 1 question to complete.