Credit cards are regularly used in economic exchanges, so credit card balances are included in the definition of money.

Name: Credit cards are regularly used in economic exchanges, so credit card balances are included in the definition of money.
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Question

Quizplus · Accepted Answer

Credit card balances are not considered part of the money supply because they represent short-term loans from the credit card issuer to the cardholder, not actual money owned by the cardholder.

Credit Cards Are Regularly Used in Economic Exchanges, So Credit