Credit cards are NOT money because they
A) have a value in exchange but little intrinsic value.
B) do not serve as a unit of account.
C) are not issued by the government.
D) are ID cards that make borrowing easier.

Question

Quizplus · Accepted Answer

Credit cards are not money because they are essentially identification cards that facilitate borrowing rather than serving as a medium of exchange, store of value, or unit of account.

Credit Cards Are NOT Money Because They