Why are credit cards not included in the money supply even though they can be used easily for transactions? A. Because credit cards are not always 100% reliable. B. Because credit cards are not physical money. C. Because there are other more efficient methods of money supply. D. Because the credit card company is effectively making you a loan..
Why are credit cards not included in the money supply even though they can be used easily for transactions? A. Because credit cards are not always 100% reliable. B. Because credit cards are not physical money. C. Because there are other more efficient methods of money supply. D. Because the credit card company is effectively making you a loan..
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Why are credit cards not included in the money supply even though they can be used easily for transactions?
- A. Because credit cards are not always 100% reliable.
- B. Because credit cards are not physical money.
- C. Because there are other more efficient methods of money supply.
- D. Because the credit card company is effectively making you a loan..
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