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ZIMSEC O-Level Commerce

6.2.4Hire purchase and deferred payments

Hire purchase and deferred payments in ZIMSEC O-Level Commerce: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic19 practice questions1 lesson

Overview

Form 2: hire purchase, deferred payment, credit cards and informal credit.

Learning objectives

What the syllabus expects you to be able to do.

  1. 6.2.4.1Explain the main features of hire purchase and deferred payment and compare them.
  2. 6.2.4.2Identify how hire purchase and credit sales are financed.
  3. 6.2.4.3Discuss the advantages and disadvantages of buying on credit.

Lessons

  • Hire purchase, credit sales and other forms of credit

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Hire purchase and deferred payments: sample question

1 mark

A buyer stops paying the instalments on a sofa bought under hire purchase. What can the seller normally do?

Choose one answer

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