Credit cards should not be considered a form of money because

Name: Credit cards should not be considered a form of money because
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money is a physical object widely accepted as a medium of exchange and a unit of account, whereas credit is a financial tool allowing the borrowing of funds to be paid back at a later date with interest. While credit cards can be a method of payment, they do not meet the criteria of being universally accepted as a physical object with a consistent value.

Credit Cards Should Not Be Considered a Form of Money