Checks and Credit Cards Are NOT Considered Money Because They

question 341

Multiple Choice

Checks and credit cards are NOT considered money because they

• A) are not the means of payment.
• B) are not backed by all commercial banks.
• C) are issued by banks, not the Federal Reserve.
• D) typically require an identification check, such as your driverʹs license.

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Definitions:

Mental Disorders

A wide range of conditions that affect mood, thinking, and behavior, often diagnosed according to standardized criteria.

Behavioral Habits

Regularly repeated behaviors that are learned and become automatic responses to specific situations.

Maturational Processes

The developmental changes that occur as a result of aging, rather than learning or experience.

First Words

The initial set of words a child learns to communicate with, marking an important milestone in language development.