Credit cards should be included in M2 because they are just like cheques.
Correct Answer:
Verified
Q138: What would a desired reserve ratio of
Q139: What would a desired reserve ratio of
Q140: Under which of the following circumstances is
Q141: In what sense can it be said
Q142: Explain why gold and silver have historically
Q144: If some banks choose not to lend
Q145: The higher the interest rate paid on
Q146: Financial institutions act as intermediaries between savers,who
Q147: If chartered banks have a deserved reserve
Q250: What is a fractional reserve system?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents