When you use a credit card to pay your university fees,
A) you've used the credit card as money because you received something in return.
B) the credit card is not money but is an ID card for an instant loan.
C) the credit card is not money because it involves an electronic transaction.
D) you've used the credit card as money because it is a means of payment.
E) the credit card is not money because it is not officially issued by the government.

Question

Quizplus · Accepted Answer

A credit card is not money itself; it is a tool that facilitates an instant loan from the credit card issuer, which you must repay later.

When You Use a Credit Card to Pay Your University