Checks and credit cards are NOT considered money because they
A) are not the means of payment.
B) are not backed by all commercial banks.
C) are issued by banks, not the Federal Reserve.
D) typically require an identification check, such as your driverʹs license.

Question

Quizplus · Accepted Answer

Checks and credit cards are not considered money because they are not the means of payment themselves; they are instruments that facilitate the transfer of money.

Checks and Credit Cards Are NOT Considered Money Because They