Are outstanding credit card balances counted as part of the money supply?
a. Yes; they are used to purchase things, and therefore, they are included in the money supply figures.
b. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures.
c. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100.
d. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.
b
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Smart Sam can make a $200 investment that yields $1000 50% of the time and $0 50% of the time. What is his expected return on the investment?
a. $200 b. $300 c. $400 d. $500
A follower of liberalism would not support a redistribution of income but rather would focus on equalizing opportunities
a. True b. False Indicate whether the statement is true or false