Credit cards are i. a generally accepted form of payment and therefore part of M1.
Ii. are included in M1 because you write a check to pay your monthly bill.
Iii. a means of borrowing money.
A) i only
B) ii only
C) iii only
D) i and ii
E) i and iii
Correct Answer:
Verified
Q41: M1 is composed of
A)currency held by individuals
Q45: If you use a check to pay
Q47: Which of the following is an example
Q48: Which of the following is the best
Q54: An official measure of money in the
Q55: Which of the following is money?
A)debit cards
B)e-checks
C)credit
Q57: Checkable deposits are money because
A)they are protected
Q63: If Rob deposits $300 in currency into
Q77: Which of the following are included in
Q80: In December 2009,currency was $400 billion,traveler's checks
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