When Dale Buys a New Computer for $1,000 Using a Credit

question 180

Multiple Choice

When Dale buys a new computer for $1,000 using a credit card,

• A)he is taking out a loan for $1,000.
• B)his bank account decreases by $1,000.
• C)the credit card is acting as money.
• D)the money supply decreases by $1,000.
• E)the credit card is performing the function of an unit of account.

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