Why are debit cards not listed as money?
A) Because they perform the same function as checks, and checks are counted as money.
B) Debit cards cannot be used for payments at most stores.
C) Debit cards draw on checkable deposits, which are already counted as money.
D) Not all banks issue debit cards.

Question

Quizplus · Accepted Answer

Debit cards are not listed as money because they draw on checkable deposits, which are already counted as money.

Why Are Debit Cards Not Listed as Money