Which one of the following is part of our money supply?

Question

Quizplus · Accepted Answer

NOW (Negotiable Order of Withdrawal) accounts are a type of checking account that can be accessed with checks or electronic transfers, and they are included in the M2 money supply. Gold is not considered part of our modern money supply, as it is not widely used as a medium of exchange. A credit card is a form of borrowing that is not included in the money supply until it is used to make a purchase (and creates debt). Personal checks are a form of payment that draw on bank deposits, but they are not included in the money supply until they are deposited and clear the banking system.

Which One of the Following Is Part of Our Money