Credit cards fail to meet the store-of-value criterion.

Name: Credit cards fail to meet the store-of-value criterion.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The store-of-value criterion means that the asset can be stored and hold its value over time. Credit cards do not meet this criterion because they do not store value; instead, they allow users to borrow money for purchases and create debt, which must be repaid with interest. Therefore, credit cards cannot be considered a store of value.

Credit Cards Fail to Meet the Store-Of-Value Criterion