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The form of credit sales common to low income groups is

Commerce
JAMB 2016

The form of credit sales common to low income groups is

  • A. hire purchase
  • B. club trading
  • C. booking -me -down
  • D. credit trading
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Correct Answer: Option C
Explanation

Book-me-down is a type of credit purchase whereby a customer will purchase goods on credit and write down their names. It is common among low income earners in underdeveloped countries

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts