Are credit cards and debit cards money? What's the difference between credit and debit cards?
Neither credit cards nor debit cards are money, but credit cards are very different from debit cards. Credit cards are not a medium of exchange, but are a means of deferring payment. Debit cards allow the user immediate access to deposits in a bank account. These deposits are part of the money supply.
Economics
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The European System of Central Banks signals the stance of its monetary policy by setting a target for the
A) federal funds rate. B) overnight cash rate. C) lombard rate. D) reserve rate.
Economics
According to the Ricardian equivalence theorem, people increase savings when the government increases deficits because they recognize the link between government deficits and higher future taxes.
Answer the following statement true (T) or false (F)
Economics