during the 1920s, people would buy stock on margin, which meant that they\nbought it on credit.\npaid cash…
during the 1920s, people would buy stock on margin, which meant that they\nbought it on credit.\npaid cash for it.\npaid in installments.\nbought it on speculation.
Answer
Brief Explanations:
Buying stock on margin in the 1920s involved borrowing money (credit) from a broker to purchase stocks. The buyer only paid a percentage of the stock's value upfront and the broker covered the rest.
Answer:
A. bought it on credit.