7) which situation explains how a credit becomes a debt? question 7 options: a)buyer purchases furniture on credit, and then owes a debt to the furniture store. b) an electronics store extends credit to a buyer, and then owes a debt to the buyer. c)a mechanic exchanges services with a plumber, and incurs a debt to the plumber. d) a farmer purchases used equipment in exchange for a share of the crops grown.

I believe the answer is: A)buyer purchases furniture on credit, and then owes a debt to the furniture store.

A debt is created if the buyer already receive the product from the sellers but still haven't made the full payment required for the product.

This could be seen in a purchase made on credit or services which payment is made at the end of the months.

answer; use multiple stimuli;

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