Debit cards and e-checks are not money because
A)they can be forged easily.
B)they can fail their purpose of being mediums of exchange as a result of technical difficulties.
C)they are just instruments to transfer money between people.
D)not all banks offer them and not all businesses accept them.
E)they are not regulated by the government.

Question

Quizplus · Accepted Answer

Debit cards and e-checks are not physically tangible forms of money, but rather instruments used to transfer money between individuals or businesses. While they can experience technical difficulties or be limited by the acceptance of certain banks or businesses, these factors do not negate their use as a medium of exchange. Additionally, while they may not be regulated by the government in the same way as physical currency, they are still subject to various regulations and protections.

Debit Cards and E-Checks Are Not Money Because