A credit card is
A)not money.
B)money.
C)not money but the card's credit line is money.
D)barter money.
E)fiat money.

Name: A credit card is A)not money. B)money. C)not money but the card's credit line is money. D)barter money. E)fiat money.
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Question

Quizplus · Accepted Answer

A credit card is not money itself; it is a tool that allows the cardholder to borrow money from the issuer to make purchases. The actual money is the funds used to pay off the credit card balance.

A Credit Card Is