Multiple Choice
(Consider This) Which of the following is not true about the use of a credit card?
A) It is a means of deferring payment for a short period of time.
B) It allows people to "economize" on the use of money.
C) Credit card balances are part of M2 but not part of M1.
D) A credit card transaction is not the same as a debit card transaction.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: In the United States, the money supply
Q54: The major wave of defaults on home
Q55: What is the main purpose of the
Q56: If you are estimating your total expenses
Q57: The Federal Open Market Committee (FOMC) of
Q59: Describe the three major units of the
Q60: The bailout money that went to giant
Q61: Some economists are concerned that the financial
Q62: The group that sets the Federal Reserve
Q63: Which of the following is not true