josie purchases her textbooks using her debit card. marie purchases her textbooks using her credit card. juan purchases his textbooks using cash. do all of these transactions represent a use of money?

Respuesta :

The answer is no because Marie's use of the credit card is not a use of money because the credit card represents a pre-approved loan. But others represent a use of money.

What is a standard definition of money?

Basically, the term money refers to any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts like taxes in a particular country or socio-economic context.

The primary functions of money that distinguish it includes as a medium of exchange, a unit of account, a store of value and as well as a standard of deferred payment.

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