Which statements are true regarding credit and debit cards? L. Neither credit cards nor debit cards are money. IL Credit cards are a means of deferring payment. III. Debit cards allow the user immediate access to deposits in a bank account, which are part of the money supply. IV: Both credit cards and debit cards are fiat money. Select one: O a. II, III, and IV only. O b. OC O d. I, II, III, and IV. L, I, and ill only. II and III only.

Which statements are true regarding credit and debit cards? L. Neither credit cards nor debit cards are money. IL Credit cards are a means of deferring payment. III. Debit cards allow the user immediate access to deposits in a bank account, which are part of the money supply. IV: Both credit cards and debit cards are fiat money. Select one: O a. II, III, and IV only. O b. OC O d. I, II, III, and IV. L, I, and ill only. II and III only.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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