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Buying goods on credit allow you to enjoy your purchases before they are completely paid for. Advantages to using credit for purchases include that you build up your credit by making payments on time and have a higher credit line available with lower interest rates.
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∙ 9y ago
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A liability created by buying goods or services on credit?
account payable
Buying on credit?
Buying on credit is also called Buying on Margin
What are the advantages of buying something on an installment plan?
advantages of installment buying
What is the advantages and disadvantages of credit policy?
advantages of credit policy
1920 buying on credit was called buying on?
Buying on Margin
Why is buying goods on credit not always a good idea?
The demand for goods and services goes down
A liability created by buying goods or services on credit?
account payable
What are the advantages of a budget website?
The advantages of a budget website is that the goods are often much cheaper and it is almost always sustainable to keep buying goods from a budget website.
What is the advantage of buying a prepaid credit card?
Advantages include the ability to have a credit card that already has funding and does not require a credit check.
What is buying by credit?
This is the process of buying goods without instant payment.
In the 1920's many American consumers began to adopt the practice of buying goods on credit?
buying on credit was the "item" that lead to the great depression. * people started buying luxury items * people borrowed money to invest in stocks * thought they could repay the loan when they sold their stocl or profit * b/c of so much buying; people were making ALOT of money * stores sold LOTS of goods; that made value of stock rise * at some pojnt; people could no longer buy things b/c they had spent all their money into paying off their credit * inflamation started; that lead && started the great depression
What are the Advantages of credit creation?
For the consumer, buying on credit gives you instant gratification in that you can buy what you want without having the money right then to pay for it.
What is the difference between allowing customers to purchase goods on credit and allowing them to use their credit card?
Credit card is just a card you get from your bank with extra benefits(interest rates, online purchases, etc)and you can have your own money (positive +balance) on the card. Buying on credit is purchasing goods with money that's not yours(-balance). Eg: buying a car through a bank etc..
List and explain the advantages and disadvantages of buying on credit?
I am not really into that stuff but if you go to other websites you will probably find it
Buying on credit?
Buying on credit is also called Buying on Margin
What are the advantages of buying something on an installment plan?
advantages of installment buying
What where two reason for poverty in the 1920s?
Stock market crash due to buying on margin and overextention of credit to buy consumer goods.
