NuMarzano603
Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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

Sagot :

arewar
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.
Ajohnson2199
I'm pretty sure the answer you're looking for is C, credit.
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.