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What initial amount paid installment sales system is call

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Reference no: EM132731144

Problem 1: The initial amount paid installment sales system is call?

a) Cash Price

b) Retail Price

c) Interest Amount

d) Down Payment

Problem 2: If the customer fails to make payment of any installment, it is called default and the vendor has the right of?

a) Default

b) Repossession

c) Sale

d) Purchase

Reference no: EM132731144

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