Credit card balances are included in:
A) M1 only.
B) M2 only.
C) both M1 and M2.
D) neither M1 nor M2.
Correct Answer:
Verified
Q29: Checking account balances that are linked to
Q30: In a system with fractional-reserve banking:
A) all
Q31: Money market mutual fund shares are included
Q32: In a system with 100-percent-reserve banking:
A) all
Q33: All of the following assets are included
Q35: Bank reserves equal:
A) gold kept in bank
Q36: The money supply consists of:
A) currency plus
Q37: Assets of banks include:
A) money market mutual
Q38: Liabilities of banks include:
A) reserves.
B) currency in
Q39: Credit cards:
A) are part of the M1
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