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Credit Cards as Money

Explain why credit cards are not technically money.

© BrainMass Inc. brainmass.com August 18, 2018, 8:23 am ad1c9bdddf

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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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