I was reading the chapter money and Banking with full of interest. Until I found this question that got me confused. Because most of the explanations are unnecessarily long.
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I was reading the chapter money and Banking with full of interest. Until I found this question that got me confused. Because most of the explanations are unnecessarily long.
Credit card is not a form of money. The reason is that money is what we pay to people and company for things we purchase. On the other hand credit card is a store of wealth lent by the bank.