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O-LevelCommerceCredit7100/12 · May/June 2021 · Q81 Mark

Anya wants to buy a new washing machine. She can pay using cash, credit card or hire purchase. What is the cheapest method of payment for Anya?

AAnya may pay interest charges if she does not repay her credit card on time.
BAnya owns the washing machine once she has paid the hire purchase deposit.
CAnya will not face any additional charges if she pays using cash.
DAnya would not have the risk of theft if she uses her credit card and not cash.

✓ Correct answer

C: Anya will not face any additional charges if she pays using cash.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2021 Paper 1 Variant 2, question 8.

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