Question

Which statement defines the term credit? . A) an arrangement to buy or use now and pay later. B) an arrangement to pay first and buy or use later. C) an arrangement to use other people's cash.

Answer 1

the statement that defines the term credit is : A. an arrangement to buy or use now and pay later

when you buy something on credit, you are allowed to use that good even though you still haven't fully finalized your payment

hope this helps