Checks and Credit Cards Are NOT Considered Money Because They

question 205

Multiple Choice

Checks and credit cards are NOT considered money because they

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

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Definitions:

Psychotherapist

A trained professional who treats mental health issues and emotional difficulties through psychological techniques and dialogue.

Empathy

The ability to understand and share the feelings of another person from their perspective.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in decision making, complex cognitive behavior, personality expression, and moderating social behavior.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving considerations of risk and reward.