To buy goods on credit means

a. pay for cash goods
b. promise to pay for goods later
c. promise to pay only a sale price
d. pay only a discount price

The correct answer is B. Promise to pay for goods later.

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The correct answer is B. Promise to pay for goods later

Explanation:

On credit is a type of payment in which the customer obtains a specific good or service, for example, a cellphone, hotel room or an apartment without paying for it immediately, instead the customer accepts a certain arrangement to pay for the good or service later or promises to pay for them after a certain time. This type of payment means the customer can obtain a product with no money or just few money, although the final payment is usually higher than the regular payment. Thus, to buy goods on credit means to promise to pay for goods later.

answer: a

explanation:  

stocks and bonds are the two main classes of assets investors use in their portfolios. stocks offer an ownership stake in a company, while bonds are akin to loans made to a company (a corporate bond) or other organization (like the u.s. treasury). in general, stocks are considered riskier and more volatile than bonds.

savings accounts are just money in a bank- they are insured by the fdic for up to 250,000.   very little risk

the average mutual fund holds hundreds of different securities, which means mutual fund shareholders gain important diversification at a low price. which means if one stock or bond drops it will have very little affect on the mutual fund - again very little risk