Question

When a borrower receives something of value now and agrees to repay the lender at some date in the future, the borrower is

A
using credit.
saving money
gaining new income
making an investment.

Answer 1

a

Step-by-step explanation:

Answer 2

Using credit

Step-by-step explanation:

Using Credit simply means receiving something of value now and promising to pay for it later. This credit is often with a finance charge added by the lender.

Most global consumers of First world nations use credit through their credit cards to buy almost everything including food, clothing, housing, transportation etc.