10
QuizMultiple Choice

Society in the Roaring Twenties — Quiz

Question 10 • US History

Which phrase best defines credit?

Answer
A
the process of continually purchasing goods at ever-increasing prices
B
the value of a property, good, or service
C
the immediate obtainment of goods or services in exchange for future payment
D
the use of a deposit to secure goods for a later date

Explanation

Credit lets someone obtain goods or services now and pay for them later. That matches “the immediate obtainment of goods or services in exchange for future payment.” A describes rising prices, while a deposit to reserve something is not the definition of credit.

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