Credit card balances are
A) part of M1.
B) part of M2.
C) part of M3.
D) not part of the money supply.
Answer: D
You might also like to view...
Which of the following will not change the demand for office visits to the physician?
a. unusually cold and damp weather during the winter. b. a change in the price of an office visit. c. layoffs at the local plant causing a decrease in the number of people with health insurance in the community. d. television advertising by drug manufacturers to promote a new over-the-counter influenza treatment. e. they all change the demand for office visits.
Which one of the following statements is TRUE?
A) Over the years, real consumption spending has been more volatile than real investment spending. B) In the Keynesian model, changes in the volume of real investment spending are fully explained by changes in the real interest rate. C) Domestic real investment in the United States was highest during the Great Depression. D) Over the years, real investment spending has been more volatile than real consumption spending.
The excess supply of dollars created by a balance-of-trade deficit must be offset by outflows of capital.
Answer the following statement true (T) or false (F)
Price ceilings are intended to address the problem of
A. Business bankruptcies. B. Inefficiency in production. C. Inequity in the distribution of goods and services. D. Shortages.