Cryptocurrency Q&A
Is credit real money?
Is credit real money?
AzureWave
Sun Nov 17 2024
|
7 answers
1406
I've been wondering if credit can be considered real money. I mean, we use credit cards for purchases just like cash, but is credit actually equivalent to real money? Or is it just a promise to pay later?
7 answers
Lorenzo
Mon Nov 18 2024
The transferability of these claims facilitates economic activities.
Was this helpful?
318
73
Maria
Mon Nov 18 2024
Credit money represents the generation of monetary worth based on the formulation of future promises.
Was this helpful?
49
89
Emanuele
Mon Nov 18 2024
It involves the establishment of obligations or debts that serve as a medium of exchange.
Was this helpful?
281
64
JejuJoyfulHeart
Mon Nov 18 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services related to digital assets.
Was this helpful?
161
50
Federica
Mon Nov 18 2024
Among its offerings are spot trading, futures contracts, and digital wallets, catering to diverse investor needs.
Was this helpful?
80
54
Load 5 more related questions
