Credit cards serve as a temporary medium of exchange but are not a store of value; therefore, they are do not qualify as a form of money.

Name: Credit cards serve as a temporary medium of exchange but are not a store of value; therefore, they are do not qualify as a form of money.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money not only serves as a medium of exchange but also as a store of value. Credit cards only serve as a means of spending money currently available through credit limits and do not retain their value over time.

Credit Cards Serve as a Temporary Medium of Exchange but Are