Credit cards are
A) money but are not a large part of the money supply.
B) not money.
C) money and are the largest part of the money supply.
D) not money because they are not made of paper.
B
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A country has a comparative advantage in the production of a good if its opportunity cost is lower compared to another country
Indicate whether the statement is true or false
A sale of securities by the Fed causes
A) a contraction of the money supply equal to the amount of the securities sold. B) an expansion of the money supply equal to the amount of the securities sold. C) a multiple expansion of the money supply greater than the amount of the securities sold. D) a multiple contraction of the money supply greater than the amount of the securities sold.
You have a portfolio valued at $1,000. Over the next twelve months it loses 75% of its value. What return does the portfolio need to earn over the following twelve months to restore the portfolio to its original value?
A. 200% B. 300% C. 75% D. 25%
What are the common characteristics of developing countries?
What will be an ideal response?