Answer in no more than 5 sentences. In your opinion, which is more convenient for you to use: cheques or actual currency? Why do you say so?

In our daily life we use credit cards and debits cards for payments. Are credits cards considered money, yes or no? How about debit cards? Please provide the reasoning.

Would you consider Noodles or Cigarettes have become the new form of currency within the prison system for inmates? Why?

Give explanation as well please.

It is not smart to make small purchases on a credit card because they can pile up and end up costing you more than the original purchase price. True O False

Think about the field you plan to go into, and imagine we lived in a society without money, which means we would require a barter system. What challenges would you face? How would these challenges impact your ability to choose what products and services you purchase, as well as what brand or provider you use for those services.

iv. The U.S. already has several ways to make digital transactions, for example, credit/debit cards, Venmo, Zelle, PayPal, and so on. How would a digital currency increase efficiency?

Jan saw an item at a local department store that she considered purchasing but did not. After getting home, she changed her mind. Her roommate was going to the same store, so Jan asked the roommate to pick up the item for her. Jan gave her credit card to the roommate and said, "Just sign my name; you know they never check the signature." The roommate purchased the item with Jan's credit card and signed Jan's name. Has the roommate committed forgery? Yes, because the roommate misrepresented herself as Jan. Yes, because forgery occurs whenever one person signs the name of another. No, because the store did not realize that the roommate was not Jan. No, because the roommate did not intend to defraud either Jan or the store. No, because Jan is always liable for charges on her credit card.

Match the following Plastic Options with the correct descriptions

Most credit cards operate on revolving credit. True or false? Explain how?