Subjects finance

Credit Purchase

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Credit Purchase


1. The question asks about the term for purchasing goods on credit. 2. Purchasing goods on credit means paying for goods later rather than immediately. 3. The options are: A. loan (lening) – generally borrowing money. B. micro-lending (mikro-uitleen) – small loans usually. C. hire purchase agreement (huur koopooreenkoms) – an agreement to pay for goods in installments while using them. D. deposit (deposito) – an initial payment, not the full credit term. 4. The correct term for purchasing goods on credit, where goods are received immediately and payment is made over time, is a hire purchase agreement. Final answer: C. hire purchase agreement (huur koopooreenkoms)