Which of the following is money?
A)a credit card with no credit left
B)the check you write to pay tuition
C)a credit card that still has credit available on it
D)a checkable deposit in your bank
E)the current credit available on a credit card

Question

Quizplus · Accepted Answer

A checkable deposit in a bank is considered money because it can be easily and immediately used to make purchases or payments. Credit cards with no credit available or checks that have not yet been cleared are not considered money until they can be used as a form of payment. The credit available on a credit card is also not considered money because it represents a line of credit that must be paid back in the future, rather than an immediate form of payment.

Which of the Following Is Money