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Wholesalers

Neetu wants t...

Question

Neetu wants to buy some medicines urgently. At the shop she realises that she forgot to bring her wallet. The shopkeeper gives the required medicine and asks her to pay him later. What did the shopkeeper provide here?

A

Credit

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B

Debit

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C

Grant

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D

Loan

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Solution

The correct option is A Credit
The shopkeeper provided the product to the customer for which the payment would be made later. When a product is purchased before making the payment, it is known as a credit purchase.

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