Ashley has decided to purchase a dress for the banquet using her credit card. Ashley will be using a form of the money supply most often referred to as M2.

Name: Ashley has decided to purchase a dress for the banquet using her credit card. Ashley will be using a form of the money supply most often referred to as M2.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit card transactions are not considered part of the money supply (M1 or M2) as they represent a line of credit, not actual money in circulation.

Ashley Has Decided to Purchase a Dress for the Banquet