Friday
April 25, 2014

Homework Help: Business/Finance

Posted by Nikki on Sunday, March 31, 2013 at 11:46am.

Your credit card:

a) Is a form of demand deposit
b) Is a form of time deposit
c) Is an asset
d) Has all the functions of money

So from my understanding, credit cards are not an asset, since they do not store value, can't be sold or given away. Hence they also do not have all the functions of money. But even in terms of deposit, I do not see how credit card fits into that. Please do help, it is much appreciated.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Probability - PLEASE HELP - From industry statistics, a credit card company ...
Finance - Rick has a credit card that charges 19% interest compounded monthly. ...
English - Write several sentences describing a recent interaction with a friend ...
business math - . Jasonís credit cardís beginning unpaid balance for August is $...
com 155 - Write several sentences describing a recent interaction with a friend ...
math - The unpaid balance of Dave's credit card is $295, and the finance charge ...
Math - Aaron had an unpaid balance of $1,177.79 on his credit card statement at ...
MIS - What competitive strategy are the credit card companies pursuing? How do ...
com156 - courses per year the total comes to $8,760. With this information ...
Maths - Jasonís credit cardís beginning unpaid balance for August is $2,000. ...

Search
Members