EBK MACROECONOMICS
EBK MACROECONOMICS
13th Edition
ISBN: 8220106847848
Author: PARKIN
Publisher: Pearson Education (US)
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Chapter 8, Problem 1SPA
To determine

Explain which of the given following id consider as money.

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Explanation of Solution

Cash in Citibank’s cash machine: In general, the money includes outside the banks, but currency inside the cash machine not included as money.

US dollar bills in wallet: The US dollar bills inside wallet are included as money.

Visa card: The Visa card is not included as money.

Loan to pay college tuition: Loan is also not included as money.

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