SETTLING NORTH AMERICA 1497 1732
THE SETTLEMENT OF JAMESTOWN COLONY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To trade or exchange without the use of currency.
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To lend a friend currency or goods.
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To buy a good or service now and pay for it later.
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To collect a good or service.
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Detailed explanation-1: -Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them over time, usually with no interest. Using BNPL financing can be convenient, but there are also some potential traps to consider.
Detailed explanation-2: -Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to an individual’s or business’s creditworthiness or credit history. In accounting, a credit may either decrease assets or increase liabilities as well as decrease expenses or increase revenue.
Detailed explanation-3: -Buy now, pay later plans allow consumers to make purchases and pay for them in several installments. Credit cards also let consumers pay over time, but the only required payment is the monthly minimum due. The pros and cons of BNPL plans and credit cards depends on the consumer’s financial situation.
Detailed explanation-4: -Credit is an arrangement to receive cash, goods, or services now and pay for them in the future. Consumer credit is the use of credit for personal needs. It is also an indicator of consumer spending and demand.
Detailed explanation-5: -Credit is a relationship between a borrower and a lender. The borrower borrows money from the lendor. The borrower pays back the money at a later date along with interest. Most people still think of credit as an agreement to buy something or get a service with the promise to pay for it later.