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 M2 money supply and are valued at the maximum credit limit of the cardholder.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit cards are not part of the M2 money supply because they represent a line of credit, not actual money. M2 includes cash, checking deposits, and easily convertible near money, but not credit limits.

Credit Cards Are Part of the M2 Money Supply and Are