3) Chapter 25: Money, the Price Level, and Inflation a) Are checks and credit cards money? Explain why or why not. (5 pt

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answerhappygod
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3) Chapter 25: Money, the Price Level, and Inflation a) Are checks and credit cards money? Explain why or why not. (5 pt

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3) Chapter 25: Money, the Price Level, and Inflation
a) Are checks and credit cards money? Explain why or why not. (5
pts)
b) List and discuss the four economic functions that
depository institutions provide their customers. (10 pts)
c) List the Fed's main policy tools and briefly explain each
one. (5 pts)
d) What is the money multiplier and what affects its size? (5
pts)
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