Using a credit card creates a financial:
A) liability for the person using it and a financial asset for the issuer.
B) asset for the person using it and a financial liability for the issuer.
C) liability for both the person using it and issuer.
D) asset for both the person using it and issuer.
Correct Answer:
Verified
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Q52: Checking account balances are:
A)not money.
B)not included in
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Q54: M1 includes which of the following?
A)Time deposits
B)Checking
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