Macmillan Learning Under the current U.S. monetary system, ______ are both considered types of money. credit cards and checks checks and paper currency coins and paper currency credit cards and coins
Added by Omar P.
Close
Step 1
S. monetary system, credit cards and checks are both considered types of money because they represent a promise to pay and can be used to make purchases or payments. Show more…
Show all steps
Your feedback will help us improve your experience
Jennifer Stoner and 99 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
Jennifer S.
what are considered as cash, cash equivalents and cash funds?
Define the following terms of monetary systems by classical economists: The gold bullion standard The gold exchange standard Fiat money use
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD