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  • 03-04-2020
  • Social Studies
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How does credit work?

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ElizabethT123
ElizabethT123 ElizabethT123
  • 03-04-2020

Answer:

Credit is an agreement you have with a lender to obtain goods or services that you pay for at a later date under agreed upon terms. For example, if you get a loan, the lender will give you the money and you will have to repay that loan over time along with interest and possibly other fees.

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