When you use a credit card to pay your tuition,
A)you've used the credit card as money because it is a means of payment.
B)the credit card is not money but is an ID card for an instant loan.
C)the credit card is not money because it involves an electronic transaction.
D)the credit card is not money because it is not officially issued by the government.
E)you've used the credit card as money because you received something in return.

Question

Quizplus · Accepted Answer

A credit card is not money itself; it is a tool that facilitates an instant loan from the credit card issuer to the cardholder, which must be repaid later.

When You Use a Credit Card to Pay Your Tuition