QUESTION 6 Are outstanding credit card balances counted as part of the money supply? Yes; they are used to purchase thin

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Question 6 Are Outstanding Credit Card Balances Counted As Part Of The Money Supply Yes They Are Used To Purchase Thin 1 (26.74 KiB) Viewed 15 times

QUESTION 6 Are outstanding credit card balances counted as part of the money supply? Yes; they are used to purchase things, and therefore, they are included in the money supply figures No, money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. 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 Partly; credit card balances are included in the MI money supply, but not the M2 money supply QUESTION 7 The use of a dollar bill to buy a concert ticket represents the function of money as a medium of exchange. unit of account store of value all of these QUESTION B Comparing how many dollars it takes you to run your car each year to annual earnings on a job instead of keeping track of costs in terms of gallons of gasoline and quarts of oil represents the use of money as a O means of payment. unit of account store of purchasing power form of plastic money 4 points 4 points 4 points Save Answer