Sue uses a credit card to purchase a new pair of jeans.Sue is:

Question

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By using a credit card, Sue is essentially borrowing money from the credit card company to make her purchase. This creates a liability that she will eventually have to pay back with money. While credit cards may be considered a form of electronic payment, they are not a form of money in themselves. And while credit card balances may be included in M2 (a measure of the money supply), the credit card itself is not considered money.

Sue Uses a Credit Card to Purchase a New Pair