Which of the following will be affected if consumers take money out of checking accounts to pay their credit cards?
A) M1
B) M2
C) M3
D) L
Correct Answer:
Verified
Q51: Using a credit card creates a financial:
A)liability
Q52: Checking account balances are:
A)not money.
B)not included in
Q53: Why do people often hold money instead
Q54: M1 includes which of the following?
A)Time deposits
B)Checking
Q55: Which of the following is included in
Q57: The chief difference between the M1 and
Q58: Checking account deposits are classified as money
Q59: Small-denomination time deposits are included in:
A)M1.
B)M2.
C)currency.
D)checking accounts.
Q60: Savings and money market accounts are not
Q61: The process of packaging a variety of
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