Credit cards are
A) not part of money because they represent a loan of money to the user.
B) a part of money when the transaction approach is used but not when the liquidity approach is used.
C) a part of money because they are used in so many transactions.
D) not part of money because the government has no control over the amount of credit outstanding.
Correct Answer:
Verified
Q112: Which of the following is considered a
Q113: Which of the following institutions is NOT
Q114: Money market mutual funds
A) allow shareholders to
Q115: Money market mutual funds invest in
A) highly
Q116: The fact that money can be exchanged
Q118: A depository institution is
A) an insurance agency,
Q119: Checks and credit cards are NOT considered
Q120: A credit union is
A) a commercial bank
Q121: Which of the following functions are performed
Q122: Which of the following are part of
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