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O-LevelCommerceCredit7100/11 · Oct/Nov 2021 · Q81 Mark

What does credit not involve?

Aan agreement to repay the lender in the future

Bdelay in receiving payment

Cinterest charged on the money borrowed

Dpayment made at the time of purchase

✓ Correct answer

D: payment made at the time of purchase

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2021 Paper 1 Variant 1, question 8.

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