Credit cards are part of the M₂ money supply and are valued at the maximum credit limit of the cardholder.

Name: Credit cards are part of the M 2 money supply and are valued at the maximum credit limit of the cardholder.
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Question

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Credit cards are not a part of the money supply because they represent a promise to pay rather than actual money. The credit limit on a card is not a measure of the actual amount of money available to the cardholder.

Credit Cards Are Part of the M2 Money Supply and Are

Credit Cards Are Part of the M₂ Money Supply and Are