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    Credit cards and their impact on the economy.

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    Are credit cards money? If not, why are they so popular? What general impact do they have on an economy?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:39 am ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/credit-cards-impact-economy-470970

    Solution Preview

    Credit cards are definitely money. The only difference is that a credit card is used to make a purchase which acts as cash, until the time it is paid with actual cash. They are very popular because consumers are able to enjoy the ease of using credit cards. If the consumer does not ...

    Solution Summary

    The solution explains if credit cards are money, why they are popular, and their general impact on the economy.

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