Credit cards are actually loans, so they are not part of the M1 money supply.
Correct Answer:
Verified
Q26: To find the maximum amount of money
Q27: The money multiplier equals 1 + required
Q28: The Comptroller of the Currency insures savings
Q29: When the Federal Deposit Insurance Corporation deals
Q30: Visa and MasterCard accounts typically offer a
Q32: The largest denomination Federal Reserve note is
Q33: The Federal Reserve is the nation's second
Q34: Actual reserves equals required reserves plus excess
Q35: The Federal Reserve does not charge any
Q36: The U.S. money supply includes all of
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