Essentials of Economics Study Set 5
Credit Cards Are Considered
Credit cards are considered A) part of M1. B) part of M3. C) broad money. D) not part of the money supply.
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In February 2016,the level of credit in Australia was approximately ________. A) $2 667.6 billion B) $49.8 billion C) $141.8 billion D) $445.1 billion
In February 2016,which of the following comprised the largest individual component of credit in Australia? A) Credit cards B) Business loans C) Housing loans D) Personal loans
'Broad money' is usually less than M3 in Australia.
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