When did installment credit explode on the North American scene?
A)Just after World War II
B)with the advent of television in the late 1940s
C)with the advent of the automobile in the early 1900s
D)during the recession of the 1950s
E)during the inflation of the 1970s

Question

Quizplus · Accepted Answer

Installment credit became popular in North America with the advent of the automobile in the early 1900s, as it allowed consumers to purchase cars by paying over time.

When Did Installment Credit Explode on the North American Scene