(Consider This) Which of the following is not true about the use of a credit card?
A) It is a means of deferring payment for a short period of time.
B) It allows people to "economize" on the use of money.
C) Credit card balances are part of M2 but not part of M1.
D) A credit card transaction is not the same as a debit card transaction.
Correct Answer:
Verified
Q157: Q158: Q159: Items 1. Money market mutual funds held Q160: The so-called near monies have the following Q161: United States currency has value primarily because Q163: What "backs" the money supply of the Q164: The use of a debit card is Q165: To keep high inflation from eroding the Q166: When there is inflation in the economy, Q167: If the price index rises from 100
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