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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