Credit cards are NOT money because they
A) have a value in exchange but little intrinsic value.
B) are not issued by the government.
C) do not serve as a unit of account.
D) are ID cards that make borrowing easier.
Correct Answer:
Verified
Q100: Credit cards are
A) a part of money
Q101: The major role of a commercial bank
Q103: Commercial banks do not
A) buy U.S. government
Q105: Checks and credit cards are NOT considered
Q105: Sarah buys shares from a financial institution
Q109: Examples of thrift institutions include
A) savings deposits
Q110: Money market mutual funds invest in
A) residential
Q114: Which of the following institutions is NOT
Q118: Which of the following is NOT a
Q120: The fact that money can be exchanged
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