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Answer True or False, and Explain

question 126

Essay

Answer true or false, and explain.
(A) Althaugh credit carts are not inclueed in the maney supply, cremit cards hined to yaur checking account are included in the money supply because af the link to your checking ¿epasits.
(B) Althaugh credit cards are not included in the maney supply, the checks the credit card campany sends you are included in the money supply, far the same reasan that checlane deposits are included in the money supply.


Definitions:

Production Possibilities

The various combinations of goods and services that can be produced using all available resources and technology.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.

Constant Rate

A fixed value of change in a quantity with respect to another quantity, often used in mathematics and economics to describe steady growth or decline.

Opportunity Cost

Missing potential benefits that could have been gained from unchosen options when deciding on one.

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