Why arent credit cards money?
Question:
Why aren’t credit cards money?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Because they are not an asset of cardholders When p...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
1. Money solves the problem of double coincidence of wants that would regularly occur under a system of _______. 2. Gold is a good example of fiat money. _______ (True/False) 3. Deposits in checking...
-
At the start of every school year, major banks offer students "free" credit cards. There are good reasons for banks to solicit students' business even though most students have neither steady jobs...
-
If Converse introduced a new SMART WATCH for Men and Women, should they launch the product using Market Skimming or Marketing Penetration? Explain answer
-
A conducting wire is parallel to the y axis. It moves in the positive x direction with a speed of 20 m/s in a magnetic field B = 0.5 T k. (a) What are the magnitude and direction of the magnetic...
-
How does a kanban system work?
-
In an article, Scott Wolla of the Federal Reserve Bank of St. Louis writes that potential GDP doesnt mean that the the entire working-age population is working 18 hours per day or that factories are...
-
Isooctane is produced in the reaction of isobutene and butylene in an emulsion with concentrated sulfuric acid: i-C 4 H 10 + C 4 H 8? ? i-C 8 H 18 The fresh feed to the process flows at a rate of...
-
(a) A Ltd. has issued convertible bonds, which carries a coupon rate of 14%. Each bond is convertible into 20 equity shares of the company A Ltd. The prevailing interest rate for similar credit...
-
10 6. 4. 5. 7. PROJECT STEPS Carla Arranga is a senior account manager at Ensight Healthcare Consultants, a consulting firm that works with hospitals, clinics, and other healthcare providers around...
-
Which of the following statements is true? a. Money must be relatively scarce if it is to have value. b. Money must be divisible and portable. c. M1 is the narrowest definition of money. d. All of...
-
Anything can be money if it acts as a: a. Unit of account. b. Store of value. c. Medium of exchange. d. All of the above.
-
If a protonated His residue acts as the proton donor in an acid-catalyzed enzymatic reaction, what happens to the enzyme's activity as the pH increases to a value that exceeds the pKR of that residue?
-
Are the changes Guava is implementing going to impact the company negatively? What other changes should Guava make, if any?
-
Jason Furman served as the chairman of the White House Council of Economic Advisers under President Obama. In an opinion column in the Wall Street Journal discussing President Trumps tax reform...
-
Determine whether the following statement is true or false: When testing the claim that the mean annual income of statistics professors in New York is equal to the mean annual income of statistics...
-
If the sample data were to result in the scatterplot shown here, what is the value of the linear correlation coefficient r?
-
Prove that the C D F C D F of the geometric family of densities can be defined by F ( b ) = [ 1 ( 1 p ) trunc ( b ) ] F ( b ) = [ 1 ( 1 p ) trunc ( b ) ] I [ 1 , ) ( b ) I [ 1 , ) ( b ) .
-
Repeat Problem 11 for an investor with A = 3. What do you conclude? Consider historical data showing that the average annual rate of return on the S&P 500 portfolio over the past 80 years has...
-
Name some of the various types of financial intermediaries described in the chapter and indicate the primary reason(s) each was created.
-
Draw a simple circular flow diagram (without government) and use the relationships shown in the diagram to explain how producers optimism about future sales can lead to an increase in future sales.
-
Printed versions of textbooks are manufactured using printing presses, workers, and paper. Identify the category of factors of production in which each of these inputs belongs.
-
Draw a bar chart showing the number of hours you spent studying during each of the last seven days.
-
How do government policies and regulations influence the trajectory and outcomes of industrialization, including factors such as labor rights, environmental protection, and economic development...
-
You've been offered a loan of $15,000, which you will have to repay in 12 equal annual payments of $3,000, with the first payment due one year from now. What interest rate would you pay on that loan?
-
The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calculators are upgraded at a total cost of $100,000, they can be sold for...
Study smarter with the SolutionInn App