The process used in deciding whether or not to use credit for purchasing major appliance and the risk and opportunity cost should be considered in this. Introduction: Consumer credit refers to the arrangement of consuming goods and service without making any payment for them at the time of purchasing but sometime in the near future. It may include a component of interest if the payment has not been made till some specific time period.

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Chapter 6, Problem 1FPA

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The process used in deciding whether or not to use credit for purchasing major appliance and the risk and opportunity cost should be considered in this.

Introduction:
Consumer credit refers to the arrangement of consuming goods and service without making any payment for them at the time of purchasing but sometime in the near future. It may include a component of interest if the payment has not been made till some specific time period.

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