Are credit cards and debit cards money?
Select one:
a. Yes, both are money
b. No, neither are money
c. Credit cards are, but debit cards are not
d. Debit cards are, but credit cards are not
Answer:- b
Reason:- Cards are not the money. Cards are the instruments through
which money can be availed.
Are credit cards and debit cards money? Select one: a. Yes, both are money b. No,...
Virtual currency is the 21st century version of: Select one: a. checks b. credit cards c. hawala d. electronic transfers
Which measurement of money supply are credit cards included in - only m1 but not m2 -only m2 but not m1 -neither m1 nor m2 -both m1 and m2
Which measurement of money supply are credit cards included in? Only M1 but not M2 Only M2 but not M1 Neither M1 nor M2 Both M1 and M2
27. U.S. citizens are likely to carry cash even with the prevalence of credit cards, debit cards and ATMs because: a. cash is more convenient b. not all firms accept credit cards c. some firms won’t accept debit cards for small purchases d. all of the above
The adjusting entry to record depreciation of equipment is Select one: a. debit Accumulated Depreciation; credit Depreciation Expense. b. debit Depreciation Expense; credit Accumulated Depreciation. c. debit Equipment; credit Accumulated Depreciation. d. debit Depreciation Expense; credit Depreciation Payable. e. debit Accumulated Depreciation; credit Equipment.
by accepting credit and debit cards companies are able to attract more chstomer 130 By accepting credit and debit cards, companies are able to attract more customers. O O True False Click to select your answer. O Type here to search I e
United Way contributions deducted from employees and owing to the charity would be a: Select one: a. Debit b. Credit c. Neither d. Both
5. This problem examines the effect of the introduction of ATMs and credit cards on money demand. For simplicity, let's examine a person's demand for money over a period of four days. Suppose that before ATMs and credit cards, this person goes to the bank once at the beginning of each four-day period and withdraws from her savings account all the money she needs for four days. Assume that she needs $20 per day. a. How much does this person...
To increase the cash account, the bookkeeper will Select one: O a. debit cash O b. credit cash O c. debit accounts receivable O d. None of the above
Gas stations do a large volume of business by customer credit cards and debit cards Suppose an Element Gas station had these transactions on July 17 $ 34,000 MasterCard credit card sales Non bank credit card sales Debit card sales 5,000 30.000 Suppose MasterCard charges merchants 3 25 percent, non bank credit card companies change 45 percent, and there is a 2 25 percent charge for debit card transactions Record these sale transactions for the Element Gas station Record the...