Checks and credit cards are NOT considered money because they
A) are issued by banks, not the Federal Reserve.
B) are not the means of payment.
C) typically require an identification requirement, such as your driver's license.
D) are not backed by all commercial banks.

Question

Quizplus · Accepted Answer

Checks and credit cards are not considered money because they themselves do not constitute a final means of payment; instead, they facilitate the transfer of money from one account to another.

Checks and Credit Cards Are NOT Considered Money Because They