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Question 1:

In the letter, the word “credit” in paragraph 2 is closest in meaning to

A. charge
B. acknowledgement
C. loan
D. prepayment
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charge: the amount of money that you have to pay for something, especially for an activity or service

acknowledgement: a letter or email to say that you have received something that someone sent to you:

loan: an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing

prepayment: an arrangement in which a service or product is paid for, or partly paid for, before it is used or obtained, or the amount that is paid

=> "prepayment" has the most appropriate meaning 

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