Responses
an agreement between two parties in which one provides goods and services understanding that payment will be made at a later date.
an agreement between two parties in which one provides goods and services understanding that payment will be made at a later date.
money you don't have to pay back
money you don't have to pay back
only credit cards
only credit cards
only bank loans
1 answer
The correct response is:
an agreement between two parties in which one provides goods and services understanding that payment will be made at a later date.
This definition accurately captures the essence of credit as it involves the provision of goods or services with the expectation of future payment.
