BUSINESS ABROAD: On the Red Cuff

Soviet citizens next month will be able to sample that old staple of the U.S. consumer: installment buying. On terms of 20% to 25% down and six to twelve months to pay. Russians will be permitted to sign up for such expensive articles as motorcycles, sewing machines, cameras and luxury clothes. Service charges will be 1% to 2%, and there will be no opportunity to welsh on payments. The monthly bite will come as a payroll deduction.

The Soviet citizen's curiosity about U.S. time payments—and particularly about the fate of defaulters—showed up strongly at the American National Exhibition in Moscow....