THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumers made an arrangement with business which they would agree to buy now and pay later for purchases (usually in monthly payments) that included interest charges.
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debt
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installment plan
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price support
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speculation
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Explanation:
Detailed explanation-1: -Buy now, pay later (BNPL) loans are also called point-of-sale installment loans. Consumers can make purchases and pay for them over time after an upfront payment. Buy now, pay later plans typically charge no interest.
Detailed explanation-2: -BNPL is a short-term financing option that allows a customer to pay off the cost of a good or service in multiple installments at later dates – many of which are interest-free.
Detailed explanation-3: -PAYMENT PLAN (INSTALLMENT) AGREEMENT.
Detailed explanation-4: -Buy now pay later (BNPL) is a sort of short-term financing that allows consumers to make purchases and pay for them at a later date.
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