A debit card is
A)not money because it is not officially issued by the government.
B)part of the M2 money supply but not part of the M1 money supply.
C)not money but is used to transfer bank deposits which are money.
D)money because it is generally accepted as a means of payment.
E)money because it is a means of payment.

Question

Quizplus · Accepted Answer

A debit card is not money itself; it is a tool used to access and transfer funds from a bank account, which are considered money.

A Debit Card Is