Credit cards are
A) not counted as money because they represent borrowings and not payments.
B) counted as part of M1.
C) the same as stored-value cards.
D) counted as part of M2, but not M1.
Correct Answer:
Verified
Q49: A bill is introduced into Congress proposing
Q50: The demand for U.S.currency increased in the
Q51: Most U.S.currency is held by
A)U.S.citizens.
B)banks.
C)the Federal Reserve.
D)foreigners.
Q52: Describe each of the four functions of
Q53: M1 - coins and currency - amount
Q55: Dividing the amount of U.S.currency in circulation
Q56: Suppose your bank lowers its minimum balance
Q57: Aaron takes $100 out of his checking
Q58: In an economy, the amount of money
Q59: M2 includes
A)large-denomination time deposits.
B)term repurchase agreements.
C)stockholder's equity
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