A debit card is
A)part of the M2 money supply but not part of the M1 money supply.
B)money because it is generally accepted as a means of payment.
C)money because it is a means of payment.
D)not money because it is not officially issued by the government.
E)not money but is used to transfer bank deposits which are money.

Question

Quizplus · Accepted Answer

A debit card itself is not money; it is a tool used to access and transfer funds from a bank account, which are considered money.

A Debit Card Is