Credit cards are money because they serve the three functions of money.
Correct Answer:
Verified
Q120: Which of the following is not one
Q121: Money is said to be liquid because
Q122: In the United States, currency in circulation
Q123: Money eliminates the need to barter.
Q124: Checkable deposits are not classified as money
Q126: The Federal Deposit Insurance Corporation (FDIC):
A) insures
Q127: M2 is actually a smaller amount than
Q128: Any item can successfully serve as money.
Q129: The Monetary Control Act of 1980:
A) extended
Q130: The Monetary Control Act of 1980:
A) required
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