Question

The term ?Hire purchase? Originated in the u.K. And is basically used in the hiring of

Answer 1

Answer:

Hire purchase is an arrangement for buying expensive consumer goods, where the buyer makes an initial down payment and pays the balance plus interest in installments. The term hire purchase is commonly used in the United Kingdom and it's more commonly known as an installment plan in the United States.

Explanation:

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Answer 2

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