Answer true or false, and explain.
(A)Although credit cards are not included in the money supply, credit cards linked to your checking account are included in the money supply because of the link to your checking deposits.
(B)Although credit cards are not included in the money supply, the checks the credit card company sends you are included in the money supply, for the same reason that checking deposits are included in the money supply.

Question

Quizplus · Accepted Answer

The Answer of Answer true or false, and explain.
(A)Although credit cards are not included in the money supply, credit cards linked to your checking account are included in the money supply because of the link to your checking deposits.
(B)Although credit cards are not included in the money supply, the checks the credit card company sends you are included in the money supply, for the same reason that checking deposits are included in the money supply.

Answer True or False, and Explain