Multiple Choice
When Dale buys a new computer for $1,000 using a credit card,
A) he is taking out a loan for $1,000.
B) his bank account decreases by $1,000.
C) the credit card is acting as money.
D) the money supply decreases by $1,000.
E) the credit card is performing the function of an unit of account.
Correct Answer:
Verified
Correct Answer:
Verified
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