Suppose you use your debit card to buy soda from a soda machine.Which of the following is true regarding the transaction?
A) The debit card is not money;it's only an instruction to make a loan.
B) The debit card is money;your use reflects the exchange of a good.
C) The debit card is not money;its use is only a tool to cause money to move from your account.
D) Your use makes the debit card money,as funds are transferred between your account and the machine owner.
E) Using the debit card is like using a check and is,therefore,money.
Correct Answer:
Verified
Q71: Q72: When Maria deposits $100 in currency in Q73: Which of the following is NOT a Q74: Susan just sold her text books for Q75: When Maria deposits $100 in currency in Q77: Which of the following are included in Q78: If we look at the components of Q79: If Joe withdraws a $100 bill from Q80: In December 2009,currency was $400 billion,traveler's checks Q81: A commercial bank is defined as
A)any institution
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