Credit cards are not a medium of exchange and so are not important for analyzing the monetary system.

Name: Credit cards are not a medium of exchange and so are not important for analyzing the monetary system.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit cards are a form of payment and are included in the money supply. They can affect the velocity of money and the overall level of economic activity. Therefore, credit cards are important for analyzing the monetary system.

Credit Cards Are Not a Medium of Exchange and So