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Loraine Loraine
wrote...
Posts: 4563
9 years ago
When Dale buys a new computer for $1,000 using a credit card,
A) he is taking out a loan for $1,000.
B) his bank account decreases by $1,000.
C) the credit card is acting as money.
D) the money supply decreases by $1,000.
E) the credit card is performing the function of an unit of account.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 492 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
9 years ago
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misskrysss

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9 years ago
You're welcome Happy Dummy
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