Multiple Choice
Jennifer Gardner purchases a sofa,love seat and reclining chair for her family room.She made a down payment and will make payments of $65 per month for the next twenty-four months.What type of credit did Jennifer use?
A) Installment sales credit
B) Installment cash credit
C) Single lump-sum credit
D) Revolving check credit
E) Open-end credit
Correct Answer:
Verified
Correct Answer:
Verified
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