To an economist,credit cards ___________ money.When a credit card is used to make a purchase,_____________ is incurred,which ________ the case when money is used to make a purchase.

Question

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Credit cards are not considered money; they represent a method of obtaining a loan, so when they are used, a liability is incurred. This is different from using money to make a purchase, which does not create a liability.

To an Economist,credit Cards ___________ Money