Suppose you use your debit card to buy soda from a soda machine. Which of the following is true regarding the transaction? O A. Using the debit card is like using a check and is therefore, money. B. Your use makes the debit card money as funds are transferred between your and the machine owner. O C. The debit card is money; your use reflects the exchange of a good. O D. The debit card is not money; it's only an instruction to make a loan. O E. The debit card is not money; its use is only a tool to cause money to move from your account.

Suppose you use your debit card to buy soda from a soda machine. Which of the following is true regarding the transaction? O A. Using the debit card is like using a check and is therefore, money. B. Your use makes the debit card money as funds are transferred between your and the machine owner. O C. The debit card is money; your use reflects the exchange of a good. O D. The debit card is not money; it's only an instruction to make a loan. O E. The debit card is not money; its use is only a tool to cause money to move from your account.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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