Checks and credit cards are NOT considered money because they
A) are issued by banks, not the Federal Reserve.
B) are not the means of payment.
C) typically require an identification check, such as your driver's license.
D) are not backed by all commercial banks.
Correct Answer:
Verified
Q79: Q100: Credit cards are Q101: Using a credit card can best be Q101: The major role of a commercial bank Q103: Commercial banks do not Q108: Credit cards are NOT money because they Q109: Examples of thrift institutions include Q116: A savings bank is a depository institution Q118: Which of the following is NOT a Q120: The fact that money can be exchanged
A) a part of money
A) buy U.S. government
A)
A) savings deposits
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