Sue Uses a Credit Card to Purchase a New Pair

question 24

Multiple Choice

Sue uses a credit card to purchase a new pair of jeans. Sue is:

• A) using money to buy her jeans since credit cards is money.
• B) creating a liability that she will ultimately have to pay with money.
• C) using an electronic payment form of money.
• D) using a form of money included in M2.

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Definitions:

Decay

The process of decline in quality, power, or vigor; the decomposition of organic matter.

Retrieval

The method of retrieving data from memory storage and bringing it back into conscious recognition.

Tip-of-the-tongue Effects

A psychological phenomenon where a person knows something but cannot retrieve the information from memory, although it feels just out of reach.

Encoding Problems

Difficulties in the process of converting perceptions, thoughts, or feelings into an enduring memory, which can lead to issues with memory recall.