Multiple Choice
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
Correct Answer:
Verified
Related Questions
Q8: Which of the following is a thrift
Q50: A currency drain is<br>A)an increase in currency
Q98: If someone buries money in a tin
Q136: The process of money creation by the
Q156: Are credit cards or debit cards money?
Q209: If the Fed sells government securities to
Q212: Which of the following Federal Reserve banks
Q265: In December 2009,currency outside of banks was
Q356: Banks create money by<br>A)printing dollar bills without
Q373: What is the discount rate?