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12-02-2021
Social Studies

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HURRY FAST 100 POINTS AND BRAINLIST FOR THE FIRST ANSWER
What is the cost of credit, and what impact does it have
on consumer spending?

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nelsonrebate nelsonrebate

12-02-2021

Explanation:

What is the cost of credit?

Credit costs an additional amount of money. The borrower must repay the amount of the loan–the principal–plus interest to the lender. Generally, repayments are made on an installment basis over the life of the loan. In some instances, one payment of principal and interest is made at the maturity of the loan.

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