Credit Cards Are

question 10

Multiple Choice

Credit cards are

• A) a part of money when the transaction approach is used but not when the liquidity approach is used.
• B) a part of money because they are used in so many transactions.
• C) not part of money because they represent a loan of money to the user.
• D) not part of money because the government has no control over the amount of credit outstanding.

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Definitions:

Presumptive Reasoning

A form of logical thinking that makes assumptions based on general rules or past experiences, leading to conclusions that are taken as likely true.

Violent Crimes

Acts of crime that involve the use of force or the threat of force against others, such as murder, rape, and assault.

Effective Functioning

The capability of an individual or system to achieve its goals or fulfill its purpose with efficiency and effectiveness.

Belief Perseverance

The tendency to maintain one's convictions even after they have been discredited or contradicted by new information.