Credit cards are NOT money because they
A) are ID cards that make borrowing easier.
B) have a value in exchange but little intrinsic value.
C) are not issued by the government.
D) do not serve as a unit of account.
Correct Answer:
Verified
Q99: An individual wanting the most liquid asset
Q100: Q101: Examples of thrift institutions include Q102: A depository institution is a firm that Q103: Depository institutions Q105: Using a credit card can best be Q106: A savings bank is a depository institution Q107: The major role of a commercial bank Q108: Which of the following is NOT a Q109: Sarah buys shares from a financial institution
A) savings and
A) make profit from the spread
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