Credit cards perform the same functions as currency so they are considered money.
Correct Answer:
Verified
Q13: Gold and silver were removed from the
Q14: When the U.S. government designates coins and
Q15: The M1 money supply emphasizes money as
Q16: The M1 money supply consists of demand
Q17: Banks are financial institutions that issue a
Q19: Checking accounts perform the same functions as
Q20: A money market deposit account pays a
Q21: Although a bank may allow you to
Q22: With interest compounding, a bank pays interest
Q23: Vault cash, mortgage loans, and checking deposits
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents