Question

The British decided to eliminate the halfpence coin in 1984. Which is the most likely reason for thisdecision?
(1 point)
The British were very fond of their sixpence coin and refused to get rid of it.
The British were more annoyed by it than occasionally paying an extra halfpence.
The British were looking to more accurately reflect the value of small transactions.
The British spent more manufacturing a halfpence coin than the value of the coin.
A)
Do debit cards have all of the same qualities as money?
(1 point)
Yes, they share the same characteristics.
No, debit cards are much more awkward than cash.
No, debit cards are not recognized by many merchants.
Yes, for businesses there is no difference between the two.

Answer 1

1) The British spent more manufacturing a halfpence coin than the value of the coin.

A) No — debit cards do not have all the same qualities as money.
They are a payment instrument that gives access to money in your bank account, not money itself (they don’t itself store value independently and depend on banks/networks to make payments).