Suppose you use your debit card to buy soda from a soda machine. Which of the following is true regarding the transaction?
A) The debit card is not money; it's only an instruction to make a loan.
B) The debit card is money; your use reflects the exchange of a good.
C) The debit card is not money; its use is only a tool to cause money to move from your account.
D) Your use makes the debit card money as funds are transferred between your and the machine owner.
E) Using the debit card is like using a check and is, therefore, money.
Correct Answer:
Verified
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