To buy goods on credit means to

pay cash for goods.

promise to pay for goods later.

promise to pay only a sale price.

pay only a discount price.

The correct answer is promise to pay for goods later.

Buying on credit became especially popular in America during the 1920's. This ability to pay for goods over an extended period of time rather than paying for goods all at once appealed to many American citizens. This allowed many citizens the opportunity to buy luxury goods that they could not afford before this method of payment was invented.

However, this payment method is going to be one of the biggest factors in causing the Great Depression of the 1930's.

B: promise to pay for goods later

"The colony was settled by people from several European countries" is the best option from the list, since New York's physical location made it a prime trade site, which of course attracted many merchants from different locations.