Credit Cards Should Not Be Considered a Form of Money

question 19

Multiple Choice

Credit cards should not be considered a form of money because

• A) credit cards are not universally accepted.
• B) a credit card can only be used by the cardholder.
• C) money and credit are fundamentally different.
• D) they are too susceptible to fraud.
• E) they are not a good medium of exchange.

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Definitions:

Gordon Allport

A pioneering psychologist known for his theory of personality and the concept of the trait.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Myers-Briggs Type Indicator

A personality inventory that categorizes individuals into 16 distinct personality types based on preferences in how they perceive the world and make decisions.

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or refute a hypothesis.