Debit Cards

question 47

Multiple Choice

Debit cards

• A)defer payments.
• B)are equivalent to credit cards.
• C)are included in M2.
• D)are used as a method of payment.

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Definitions:

Quantity

Quantity refers to the amount or number of a material or immaterial good or service.

Marginal Cost

The price of manufacturing one additional product or service unit.

Marginal Revenue

The increase in income from the sale of one extra unit of a good or service.

Marginal Revenue

The additional income from selling one more unit of a good; sometimes equals the price of the good.