Credit cards areA. the fastest growing component of the M1 money supply.B. near-monies that are part of the money supply, but not part of the M2 or M1 money supplies.C. not mone…

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asked Jan 19, 2020 164k views

1 Answer

Sophocles · Answer 1 · 2020-01-26T04:24:26+0000

Answer:

C. not money, officially defined.

Step-by-step explanation:

The M1 represent the currency and check deposits

The M2 is M1 + "near money." Which are: savings , and time deposits.

We must remember that money supply represent all monetary assets in the economy. The credit card are not monetary assets.