Credit Money Basics
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Questions and Answers

What is the primary form of money in credit?

  • Bank transfers
  • Debit cards
  • Cash
  • Checks (correct)

    • How is credit money typically represented?

  • Promissory notes (correct)
  • Physical currency
  • Traveler's checks
  • Digital coins

    • What is the common method of transferring credit money?

  • Money orders
  • Direct deposits
  • Wire transfers
  • Bank drafts (correct)

    • What is the primary form of money in credit transactions?

    <p>Electronic funds transfer</p> Signup and view all the answers

    Which of the following is a common representation of credit money?

    <p>Promissory notes</p> Signup and view all the answers

    How is credit money typically transferred?

    <p>Through bank checks</p> Signup and view all the answers

    In credit transactions, what is the typical representation of credit money?

    <p>Check payment</p> Signup and view all the answers

    What is the primary form of money in credit transactions?

    <p>Promissory note</p> Signup and view all the answers

    How is credit money typically transferred in common methods?

    <p>Credit card</p> Signup and view all the answers

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