What do you call an arrangements of receiving money, goods, or services now in exchange for the promise of payment later? A. Collateral B. Interest C. Credit

Per new academics question and answer enquired students to say what they admit is the most crucial important point for a student to do in order to become success. A lot of results, the one which that stood out was practice. Successful people are usually not born successful; they become successful via hard work and determination. This is how you can obtain your goals. in this article, some question and answer examples that you could actually use to improve your knowledge and gain insight that will help you to keep up your school studies.

Question:

What do you call an arrangements of receiving money, goods, or services now in exchange for the promise of payment later? A. Collateral B. Interest C. Credit

Answer:

That is the definition of credit.

Collateral is borrowing money and giving someone an asset of yours worth the same or more value until you replay that money.

Interest is gaining money over time off your existing money.

They could actually hopefully assist the student answer the question by make use of the questions and answer examples. You can certainly then have a discussion with your classmate and continue the school learning by studying the problem alogside each other.

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