Which option is NOT listed as a type of Monetary Instrument(s) in the material?

• A. Traveler's Checks in any form
• B. US currency
• C. Credit Cards
• D. Bearer bonds

Answer: (C)

Monetary instruments are items that carry monetary value themselves or function as a negotiable promise to pay a specific amount of money. Cash and its equivalents, such as traveler's checks and bearer bonds, fit this idea because they either are money or represent a readily payable sum of money that can be transferred to others.

Credit cards, on the other hand, do not contain money value by themselves and are not negotiable instruments payable to the holder. They are payment devices that authorize the issuer to settle a transaction and create a debt for the cardholder, with money flowing from the issuer to the merchant rather than from one person to another via a monetary instrument. Because of this, credit cards are not listed as monetary instruments in the material.