(Consider This) Credit cards are deﬁned as money because they facilitate transactions.

Name: (Consider This) Credit cards are deﬁned as money because they facilitate transactions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit cards are not defined as money but rather as a means of deferring payment or accessing a line of credit. Money is typically defined as something that serves as a medium of exchange, a unit of account, and a store of value, which credit cards do not inherently embody.

(Consider This) Credit Cards Are Deﬁned as Money Because They