Debit Cards Are

question 27

Multiple Choice

Debit cards are

• A) counted as money because they perform the medium of exchange function of money.
• B) not considered money because they merely show that their owners have a relationship to money.
• C) are counted as a part of M2 but not M1.
• D) counted as money because they provide access to their owners' checkable deposits.

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Definitions:

Short-term Objectives

Goals or targets that are intended to be achieved in the near future.

Nominal Group

A structured form of brainstorming that involves individuals generating ideas independently before sharing them with the group to prioritize or make decisions.

Cooperative Group

is a group of individuals who work together to achieve common goals or complete tasks.

Competitive Group

A group structured around achieving objectives in a manner that involves rivalry or competition among its members.