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Answer True or False, and Explain

Question 153

Essay

Answer true or false, and explain.
(A) Althaugh credit carts are not inclueed in the maney supply, cremit cards hined to yaur checking account are included in the money supply because af the link to your checking ¿epasits.
(B) Althaugh credit cards are not included in the maney supply, the checks the credit card campany sends you are included in the money supply, far the same reasan that checlane deposits are included in the money supply.

Correct Answer:

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(A) False. The fact that you credit card...

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