Why do smart consumers often make a down payment when using credit to purchase a good?
A) It reduces risk to the consumer.
B) It eliminates interest charges.
C) It reduces the cost of the financed good.
D) It reduces the interest paid to finance the good.
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Home » Business » Why do smart consumers often make a down payment when using credit to purchase a good? A) It reduces risk to the consumer. B) It eliminates interest charges. C) It reduces the cost of the financed good.