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O-LevelCommerceCredit7100/12 · Oct/Nov 2017 · Q71 Mark

How does buying on credit contribute to a country's standard of living?

AConsumers are able to buy what they want or need.
BMany people accumulate large amounts of debt.
CMore goods will be imported for sale.
DPeople will save less of their income.

✓ Correct answer

A: Consumers are able to buy what they want or need.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 7.

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