menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics-Macroeconomics
  4. Exam
    Exam 8: Money, the Price Level, and Inflation
  5. Question
    "Credit Cards Are Considered Money Because They Serve to Purchase
Solved

"Credit Cards Are Considered Money Because They Serve to Purchase

Question 261

Question 261

Essay

"Credit cards are considered money because they serve to purchase goods and services." Is the previous statement true or false?

Correct Answer:

verifed

Verified

The statement is false. Credit cards are...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q256: Control of the nation's quantity of money

Q257: Suppose a bank is exactly meeting its

Q258: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q259: The Fed buys $100 million of government

Q260: If you hold $25 in cash, have

Q262: Sam has $500 in traveler's checks. He

Q263: Bank reserves include<br>I. the cash in the

Q264: According to the quantity theory of money,

Q265: Liquidity is the<br>A) degree to which an

Q266: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines