Why are checking account balances, but not credit cards, regarded as “money”?

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asked Nov 25, 2017 64.7k views

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Darijan · Answer 1 · 2017-11-29T12:27:20+0000

Checking accounts require the person to have money in the bank, while credit-cards are essentially short-term loans that the person pays back to the bank over-time.

Why are checking account balances, but not credit cards, regarded as “money”?

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