Which of the following is true of credit cards?
A) They have eliminated the use of money.
B) They are currently the most popular means of payment in the United States.
C) They are included in the narrow definition of money,M1.
D) They are near-monies.
E) They are used to postpone the payment of money.
Correct Answer:
Verified
Q6: The M1 money supply consists of:
A)only coins
Q7: Which of the following is an advantage
Q8: Many people prefer debit cards to checks
Q9: Coins in the United States are manufactured
Q10: All of the following are part of
Q12: The distinction between M1 and M2 has
Q13: The M1 money supply consists primarily of:
A)savings
Q14: Banks minimize the risk of loss to
Q15: Which of the following is true of
Q16: Which of the following is included in
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