Credit Cards and Debit Cards in the Monetary System

Credit card balances are included in measures of the quantity of money

Credit cards are not considered a method of payment, but a way to defer payment (correct)

Credit cards are a direct withdrawal from a bank account, like a check

Credit cards are a form of money and are included in the economy's stock of money

Credit cards are included in measures of the money supply, while debit cards are not

Debit cards allow users to postpone payment, while credit cards represent an immediate withdrawal from a bank account

Debit cards automatically withdraw funds from a bank account, while credit cards require a separate payment process (correct)

Debit cards are a form of money, while credit cards are a method of deferring payment

Debit card transactions are not included in measures of the money supply

Debit card transactions are included in measures of the money supply as they represent an immediate withdrawal from a bank account (correct)

Debit card transactions are included in measures of the money supply as a form of credit

Debit card transactions are accounted for separately from measures of the money supply

<p>All of the above</p> Signup and view all the answers

<p>Credit card transactions represent a deferred payment, while check transactions represent an immediate withdrawal from a bank account</p> Signup and view all the answers

<p>Credit card transactions represent a deferred payment, not an immediate exchange of money</p> Signup and view all the answers