In an advertisement for credit cards, the statement is made, "Think of a credit card as smart money." An economist's reaction to this would be that a credit card is:

Question

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Credit cards are not considered money but rather a means of obtaining a short-term loan. Money typically refers to physical cash (coins and banknotes) or balances in checking or savings accounts, which can be used directly for transactions. Credit cards, on the other hand, allow users to borrow funds from the card issuer up to a certain limit to purchase goods and services or withdraw cash, which must then be repaid, often with interest.

In an Advertisement for Credit Cards, the Statement Is Made