Are "Smart Cards" or E-Cash Cards Part of the Money

question 12

Multiple Choice

Are "smart cards" or E-cash cards part of the money supply?

• A) Yes, because they can be given away to make a payment.
• B) Yes, because they will soon completely replace cash.
• C) No, because they are not issued by banks.
• D) No, because they are merely means to transfer checking deposits.

---

Definitions:

French Third Republic

Denotes the republican government of France from 1870, after the fall of the Second Empire, to 1940, when France was occupied by Nazi Germany during World War II.

Royalists

Royalists are supporters of a king or royal government, especially in the context of civil wars or revolutions where monarchy is challenged.

Tricolor Flag

A flag featuring three distinct colors, often arranged in vertical or horizontal stripes, representing various attributes or aspects of a country or organization.

Victorian

Pertaining to the period of Queen Victoria's reign over the United Kingdom from 1837 to 1901, characterized by particular moral standards, cultural innovations, and imperial expansion.