THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a way for consumers pay off their purchases by to making small payments over time
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directions for installing household appliances.
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a way for people to make cash purchases.
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a way for consumers to loose money.
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Detailed explanation-1: -With an installment payment, a customer pays off his invoice in several small instalments over a certain period of time. This payment method is often chosen when a large invoice amount has to be paid. But it is up to the seller when and if he wants to offer installment payments.
Detailed explanation-2: -Installment payments (installments) refer to the option to pay for purchases over time by dividing the purchase amount into smaller equal payments. Consumers will typically use installments to buy medium and large ticket items (e.g. electronics, furniture).
Detailed explanation-3: -An installment plan is a way of buying products gradually. You make regular payments to the seller until, after some time, you have paid the full price.
Detailed explanation-4: -Installments are debt payments made on a periodic, regular basis in which the total principal and interest owed is divided into smaller chunks. Installment schedules can vary from biweekly to monthly payments. In most cases, the payment amounts are fixed or set to equal amounts.