Credit cards are
A) included in M2 but not in M1.
B) not considered to be money.
C) included in M3 but not in M2 or M1.
D) considered as money only when they are in the hands of the public.

Question

Quizplus · Accepted Answer

Credit cards are not considered to be money, but rather a means of payment that allows individuals to access their money. They are not included in any of the measures of the money supply (M1, M2, or M3) as they do not qualify as a medium of exchange, a store of value, or a unit of account.

Credit Cards Are