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JAMB Commerce 2007 Question 40

Question 40

Purchase and Sale of Goods

A major benefit a debtor can derive from using a credit facility is

  1. A.better service
  2. B.goodwill
  3. C.convenience
  4. D.control.
Show the answer and explanation

Answer: C (convenience)

Explanation

Credit lets the buyer get goods now and pay later, which is convenient.