The function of money that is not carried out by credit cards is C: Store of value.

Here's why:

A) Means of Exchange: Credit cards do serve as a means of exchange. They are widely accepted as a form of payment for goods and services.

B) Measure of Value: Credit cards also serve as a measure of value. The value of goods and services can be measured in terms of the amount charged to a credit card.

C) Store of Value: This is where credit cards differ from money. A credit card itself does not store value. Instead, it represents a line of credit that you have been granted by a financial institution. The card itself is not valuable; it's the line of credit that it represents that holds value.

D) Standard of Deferred Payments: Credit cards do serve as a standard of deferred payments. When you use a credit card, you are essentially borrowing money that you agree to pay back at a later date.

Question

The function of money that is not carried out by credit cards is C: Store of value.

Here's why:

A) Means of Exchange: Credit cards do serve as a means of exchange. They are widely accepted as a form of payment for goods and services.

B) Measure of Value: Credit cards also serve as a measure of value. The value of goods and services can be measured in terms of the amount charged to a credit card.

C) Store of Value: This is where credit cards differ from money. A credit card itself does not store value. Instead, it represents a line of credit that you have been granted by a financial institution. The card itself is not valuable; it's the line of credit that it represents that holds value.

D) Standard of Deferred Payments: Credit cards do serve as a standard of deferred payments. When you use a credit card, you are essentially borrowing money that you agree to pay back at a later date.

Knowee AI · Accepted Answer

The function of money that is not carried out by credit cards is C: Store of value.

Here's why:

A) Means of Exchange: Credit cards do serve as a means of exchange. They are widely accepted as a form of payment for goods and services.

B) Measure of Value: Credit cards also serve as a measure of value. The value of goods and services can be measured in terms of the amount charged to a credit card.

C) Store of Value: This is where credit cards differ from money. A credit card itself does not store value. Instead, it represents a line of credit that you have been granted by a financial institution. The card itself is not valuable; it's the line of credit that it represents that holds value.

D) Standard of Deferred Payments: Credit cards do serve as a standard of deferred payments. When you use a credit card, you are essentially borrowing money that you agree to pay back at a later date.

Many people regard credit cards as money. Which function of money is notcarried out by credit cards?A Means of exchangeB Measure of valueC Store of valueD Standard of deferred payments

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