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Q: What is buying on credit or installment plans?
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How is buying on margin similar to buying on an installment plans?

Margin is only offer on purchase of securities.


Is credit and installment buying the same?

If interest is involved, essentially yes.


In 1920s people used installment plans to buy what?

The installment plans of the 1920s were pretty much the same as any other installment plans. Installment plans are credit systems where payment for merchandise/items is made in installments over a pre-approved period of time. In the 1920s, the items people could purchase with an installment plan included: automobiles, automobile parts, household appliances, radios, phonographs, pianos, and furniture.


A new way of buying called allowed Americans to take products home and pay a little at a time?

Buying on the 'installment plan' is probably the oldest concept, pre- credit card.


What is the difference among credit plans such as revolving charge 90 day and installment account and interest free credit plans?

Your mom is the instalment of something that i have no idea what it is.


Which major trend characterized the 1920s and continues today?

retail buying on installment of credit


What are the advantages of buying something on an installment plan?

advantages of installment buying


Define installment buying?

You can repay back loans in "X" amount of days. You don't have to repay the loan right away. This is the same with credit.


What is the difference between installment credit and open ended credit?

the difference between installment credit and open ended credit is they are the same..


Which of the following was a popular method of purchasing expensive goods during the 1920s layaway installment plans lease?

In the 1920s the most popular way to purchase expensive goods was through installment plans. Allowing people to purchase things through installment plans helped to fuel consumerism.


New industry spawned by the mass-consumption economy that encouraged still more consumption?

Advertising ( credit and installment buying")


How did installment buying contribute to the consumers revolution?

Installment buying allowed people to own products before they had paied them off.