Consumer Credit

................. is an objective owed by one party (the debtor) to a second party (the creditor to repay it on later time.

• Saving

• Debt

• Income

(Choose all possible answers)

The debt consists of

• Borrower

• Investment

• Obligation

• lender

• Stock

(Choose all the possible answers)

Which of the following is an example of financial institution?

• Commercial bank

• Advertising company

• Finance Companies

• Marketing

  companies

• Investment Banks

Consumer credit allows consumer to purchase items (goods & services) where the costs of items equals current saving

• True

• False

............ is a person or business that wishes to make purchase

• Lender

• Borrower

• Buyer