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Hillary Wants to Purchase a Refrigerator on Credit

Question 40

Multiple Choice

Hillary wants to purchase a refrigerator on credit.If she uses an installment plan,what is most likely to occur?


A) A down payment will be required.
B) A discounted price on her purchase will not be offered.
C) By law,finance charges on her account cannot exceed 20 percent of the purchase price.
D) Taxes will not be charged.

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