How did installment plans affect the us economy in the 1920?
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Installment plans in US in the year 1920 helped in the growth of the American economy.
The main intention of the installment plan was that the citizens were allowed to buy from the market what they wanted even if they did not have the whole amount of cash.
All that you are required to do is to pay the discount and then pay the remaining amount of cash in an installment basis.
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