A credit card purchase is not counted as money. It is treated as a sho…

Question

A credit card purchase is not counted as money. It is treated as a short term:

Accepted Answer

A. Loan

1. The card company pays the shop.
2. You owe that company afterwards.
3. So it is a short term loan.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Lien

Answer

Lease

Answer

Levy

A credit card purchase is not counted as money. It is treated as a short term:

Keep practising Money and Banking