February 21, 2017

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.

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