Credit was made much more available through the installment plan, margin buying and other methods during the 1920s. Which of the following was true regarding the easy availability of credit?
Select one:
a.The installment plan made it more difficult for people to buy goods that they could not afford.
b.Americans were not interested in taking advantage of these new opportunities and continued to live within their means.
c.The availability of credit had little economic impact.
d.Many people, businesses and investors spent beyond what they could afford which had negative effects on the economy.

An economy 'management of a household, administration; from household' is an area of the production, distribution, and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of scarce resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, and content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.

Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.

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