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    Credit Cards as Money

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    Explain why credit cards are not technically money.

    © BrainMass Inc. brainmass.com October 10, 2019, 5:43 am ad1c9bdddf
    https://brainmass.com/economics/finance/credit-cards-money-515331

    Solution Preview

    A credit card is not technically money. It is a medium used by a consumer to access an established line of credit. Once the consumer does so, the issuing credit card company is able to charge the ...

    Solution Summary

    This solution provides a detailed explanation as to why credit cards are not technically considered money.

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