Credit Card Balances Are Not Considered to Be Money Primarily

question 91

Multiple Choice

Credit card balances are not considered to be money primarily because they:

• A)are rarely used to make purchases.
• B)are not part of people's wealth.
• C)are an asset used in making transactions.
• D)do not represent an obligation to pay someone else.

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Definitions:

Pollution Rights

Tradable permits or certificates that allow the holder to emit a specific amount of pollution; used to regulate and limit overall pollution.

Demand Curve

A visual depiction showing the connection between the cost of a product or service and how much of it is wanted over a specific time frame.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.

Market Inefficiency

A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.