Credit cards are not a form of money because
A) money needs to be tangible (not virtual) .
B) credit cards just extend a loan.
C) credit cards just relate to an account.
D) credit card balances are in fact counted as money.
Correct Answer:
Verified
Q11: Money is each of the following except
A)
Q12: The most distinguishing economic feature of money
Q13: The nominal return of money is
A) 0.
B)
Q14: The real return on bonds is
A) 0.
B)
Q15: The opportunity cost of holding money is
A)
Q17: The most significant problem in trying to
Q18: To determine the real interest rate in
Q19: The Fisher relationship may be described by
Q20: Going from M0 to M1 and to
Q21: Seigniorage is government revenue raised by
A) a
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