Credit Money Basics

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TidyAlder1106
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9 Questions

What is the primary form of money in credit?

Checks

How is credit money typically represented?

Promissory notes

What is the common method of transferring credit money?

Bank drafts

What is the primary form of money in credit transactions?

Electronic funds transfer

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

Promissory notes

How is credit money typically transferred?

Through bank checks

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

Check payment

What is the primary form of money in credit transactions?

Promissory note

How is credit money typically transferred in common methods?

Credit card

Test your knowledge about the primary form and representation of credit money, as well as the common method of transferring it.

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