Credit cards are i.a generally accepted form of payment and therefore part of M1.
Ii) included in M1 because you write a cheque to pay your monthly bill.
Iii) a means of borrowing money.
A) i only
B) ii only
C) iii only
D) i and iii
E) i and ii
Correct Answer:
Verified
Q1: Which of the following items is included
Q5: The word "fiat" is
A) Latin for "backed
Q13: Money is used as a _ when
Q15: M1 is composed of
A) traveller's cheques, credit
Q23: The Australian dollar is called
A)faith money.
B)convertible money
Q24: Keeping $20 in currency to be able
Q28: If Julia deposits $300 in currency into
Q29: An official measure of money in Australia
Q31: The store of value function is defined
Q32: A credit card is
A)barter money.
B)fiat money.
C)not money,but
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