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Which of the Following Is Correct Regarding Credit Cards

Question 162

Multiple Choice

Which of the following is correct regarding credit cards?


A) They are a store of value.
B) They are not a money substitute.
C) They are a permanent medium of exchange.
D) They are becoming more important but are still not a major factor in the purchase of consumer goods.
E) They are often referred to as "plastic money."

Correct Answer:

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