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O-LevelCommerceCredit7100/12 · Oct/Nov 2019 · Q81 Mark

Which type of credit allows the purchaser to become the legal owner of the goods on payment of the first instalment?

Adeferred payments

Bhire purchase

Cleasing

Dmortgage

✓ Correct answer

A: deferred payments

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 2, question 8.

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