Why are checking account balances, but not credit cards, regarded as money?

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Why are checking account balances, but not credit cards, regarded as “money”?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 04, 2018 01:07 AM

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Why are checking account balances, but not credit cards, regarded as money?

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Credit cards are a popular medium of exchange yet this use is not suf...View the full answer

The Macro Economy Today

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