A credit card is not money because
A) the use of a credit card doesn't make a final payment.
B) not everyone can get a credit card.
C) the opportunity cost of using the credit card is the interest rate.
D) there is a maximum credit limit for most credit card users.
Correct Answer:
Verified
Q88: Which of the following is NOT money?
A)
Q102: Credit cards are
A) a part of money
Q103: Which of the following is true?
I. Checks
Q105: Checks are NOT money because they
A) are
Q105: Using a credit card can best be
Q106: Checks and credit cards are NOT considered
Q109: Credit cards are NOT money because they
A)
Q110: The fact that money can be exchanged
Q111: Credit cards are
A) a part of M1
Q112: Checks and credit cards are NOT considered
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