History

Lacey Ramirez

18 January, 16:39

Which of the following statements accurately describes new methods of financing consumer purchases in the 1920s.

A.) Merchants would contact a customer's employer and ask the employer to send a portion of the consumer's salary to the merchant each week.

B.) Merchants began to use installment plans, which allowed consumers to buy expensive products by making small payments every week or every month.

C.) There were no new financing techniques in the 1920s. All merchants accepted ONLY cash for all purchases.

D.) Consumers began to use credit cards to buy expensive products by making minimum monthly payments.