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O-LevelCommerceCredit7100/11 · Oct/Nov 2023 · Q81 Mark

What is a disadvantage to the customer of purchasing a television on credit?

Acredit check will be made by the seller.
BInterest may be charged by the seller.
CPayment is postponed until a later date.
DThe buyer does not need to carry cash.

✓ Correct answer

B: Interest may be charged by the seller.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2023 Paper 1 Variant 1, question 8.

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