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 (A)</p> Signup and view all the answers

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

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

How is credit money typically transferred?

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

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

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

What is the primary form of money in credit transactions?

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

How is credit money typically transferred in common methods?

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

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