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18 September, 08:20

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.

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  1. 18 September, 11:20
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    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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Home » Business » 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.
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