Suppose You Use Your Debit Card to Buy Soda from a Soda

question 175

Multiple Choice

Suppose you use your debit card to buy soda from a soda machine.Which of the following is true regarding the transaction?

• A)The debit card is not money;it's only an instruction to make a loan.
• B)The debit card is money;your use reflects the exchange of a good.
• C)The debit card is not money;its use is only a tool to cause money to move from your account.
• D)Your use makes the debit card money,as funds are transferred between your account and the machine owner.
• E)Using the debit card is like using a check and is,therefore,money.

---

Definitions:

Large Number

A value that is significantly higher than what is considered average or normal, often used in statistical analysis.

Marginal Revenue Curve

A graphical representation showing the extra revenue obtained from selling one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship between price and quantity demanded.

Price Maker

A market participant with the power to influence the price of a good or service, typically due to a lack of significant competition, controlling a large portion of the market supply.