WebCredit cards are not included in the M1 or M2 money supply. So, why aren’t credit cards a part of the financial system? Because they are not very liquid assets, deposits in checking accounts are not included in the definition of money. WebIn the definition of the money supply, where do credit cards belong? O A. Both M1 and M2. OB. M1. OC. M2. OD. Credit cards are not included in the definition of the money supply.
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WebTranscribed image text: 12. Credit cards are O A. Included in both the M1 and the M2 definitions of the money supply OB. Included in the M2 definition of the money supply, … WebJan 4, 2024 · There are two definitions of money: M1 and M2 money supply. M1 money supply includes those monies that are very liquid such as … hbo max young justice
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Economists generally use two definitions of the supply of money: M1 and M2. M1 includes those assets that are the most liquid such as cash, checkable (demand) deposits, and traveler’s checks. M2 includes M1 plus some less liquid (but still fairly liquid) assets, including savings and time deposits, … See more We defined money as anything that is generally accepted as a means of payment, is a store of value, can be used as a unit of account or a standard of deferred payment. What exactly is included? Cash in … See more M1 is the most narrow definition of the money supply. It includes coins and currency in circulation—in other words they are not held held by the U.S. Treasury, or the … See more Where does “plastic money” like debit cards, credit cards, and smart money fit into this picture? A debit card, like a check, is an instruction to the user’s bank to transfer money … See more A broader definition of money, M2 includes everything in M1 but also adds other types of deposits. For example, M2 includes savings deposits in banks, which are bank accounts on which … See more WebApr 10, 2024 · You also get SD and microSD card readers, which are super useful for adding inexpensive portable storage. ... Mac Mini M2 & M2 Pro 2024; M1 2024; Mac mini 2024; Mac Studio 2024. Size: 7.8 x 7.8 x ... Web29 Likes, 1 Comments - TechLife (@techlifelk) on Instagram: " TECHLIFE "TechLife Mobiles is one of the authorized mobile phone resellers out there i..." hbo max young justice renewed 5th season