What is an arrangement of receiving money, goods, or services now in exchange for the promise of payment later called?

A.) Collateral

B.) Interest

C.) Credit

Question

Biology

Wendy Gregory

23 May, 11:48

What is an arrangement of receiving money, goods, or services now in exchange for the promise of payment later called?

A.) Collateral

B.) Interest

C.) Credit

+3

Answers (1)

Know the Answer?

Khloe Hayden · Answer 1

An arrangement of receiving money, goods, or services now in exchange for the promise of payment later is called credit. With credit, a person can get a car, house, appliances, furniture, and much more. The correct answer is C.

What is an arrangement of receiving money, goods, or services now in exchange for the promise of payment later called?A.) CollateralB.) InterestC.) Credit

What is an arrangement of receiving money, goods, or services now in exchange for the promise of payment later called?

A.) Collateral

B.) Interest

C.) Credit