Credit cards are
A. not money.
B. not money, because they can't be used to purchase goods and services.
C. considered to be money.
D. counted as a part of M2 but not M1.
Ans: A. not money.
Economics
You might also like to view...
Which of the following is definitely NOT an example of a natural monopoly?
A) local water distribution companies B) urban rail services C) local electric power and gas distribution companies D) urban retail stores
Economics
When a firm experiences constant returns to scale,
a. long-run average total cost is unchanged, even when output increases. b. long-run marginal cost is greater than long-run average total cost. c. long-run marginal cost is less than long-run average total cost. d. the firm is likely to experience coordination problems.
Economics