What was true about both credit and layaway plans?

O

A. They required businesses to lend money to consumers.

B. They let consumers take items home before they were paid for.

C. They made it easier for consumers to spend money.

O

D. They eliminated the need for businesses to advertise to

consumers.

Question

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Anabel Morse

19 May, 14:35

What was true about both credit and layaway plans?

O

A. They required businesses to lend money to consumers.

B. They let consumers take items home before they were paid for.

C. They made it easier for consumers to spend money.

O

D. They eliminated the need for businesses to advertise to

consumers.

+4

Answers (1)

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Barnes · Answer 1

B

Explanation:

They made it easier for consumers to spend money.

layaway plan is when a customer pay for an item progressively and is only allowed to collect the product or item after the finish paying for it. on the other hand, credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.

What was true about both credit and layaway plans?OA. They required businesses to lend money to consumers.B. They let consumers take items home before they were paid for.C. They made it easier for consumers to spend money.OD. They eliminated the need for businesses to advertise toconsumers.