When you use a credit card to pay your tuition,
A)you've used the credit card as money because you received something in return.
B)you've used the credit card as money because it is a means of payment.
C)the credit card is not money because it is not officially issued by the government.
D)the credit card is not money because it involves an electronic transaction.
E)the credit card is not money but is an ID card for an instant loan.

Question

Quizplus · Accepted Answer

A credit card is not money itself; it is a tool that allows you to access a line of credit, essentially acting as an ID card for an instant loan.

When You Use a Credit Card to Pay Your Tuition