elinaalonso1404 elinaalonso1404

12-08-2019
Business

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Credit cards areA. the fastest growing component of the M1 money supply.B. near-monies that are part of the money supply, but not part of the M2 or M1 money supplies.C. not money, officially defined.D. also known as time deposits.E. not loans.

Respuesta :

TomShelby TomShelby

16-08-2019

Answer:

C. not money, officially defined.

Explanation:

The M1 represent the currency and check deposits

The M2 is M1 + "near money." Which are: savings , and time deposits.

We must remember that money supply represent all monetary assets in the economy. The credit card are not monetary assets.

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