Answer to Question #207637 in Macroeconomics for thabiso PILA

Question #207637

Credit cards are NOT considered money because:

Expert's answer

Until you pay the credit card bill, you have effectively borrowed money from the credit card company.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The COVID-19 pandemic has been a humanitarian and economic tragedy .Further explanations of the foll
2. Q) a. What is Phillips curve? Draw the short-run Phillips curve and the long-run Phillips curve. Exp
3. Q. In order to promote digitalization of Indian banking system, the government encourages banks to o
4. Q) a. Suppose that there is an excess supply of economics professors. Should universities necessaril
5. . In a closed economy, GDP is $1000, government purchases are $200, and consumption is $700. If the
6. Q) Price of petrol was Rs. 60 per litre in 2015 and Rs. 100 per litre in 2021. The average wage in m
7. The chart below illustrates the cumulative confirmed deaths by COVID-19 just before what looks to be