Credit card balances are not considered to be money primarily because they:
A. are not part of people's wealth.
B. are an asset used in making transactions.
C. are rarely used to make purchases.
D. do not represent an obligation to pay someone else.
Answer: A
Economics
You might also like to view...
The calculation of GDP would include
What will be an ideal response?
Economics
Which of the following can help to explain why higher inflation may lead to currency appreciations?
A) The interest rate is not the prime target of monetary policy. B) Most central banks adjust their policy interest rates expressly so as to keep inflation in check. C) Central banks increase the money supply leading to overshooting of the exchange rate. D) Inflation will increase the purchasing power of a currency. E) The world market does not adjust their currency trade to reflect inflation.
Economics