Which of the Following Are NOT True

question 63

Multiple Choice

Which of the following are NOT true?

• A)Credit cards are the same as debit cards when determining the money supply.
• B)Credit cards are included in M2 but not M1.
• C)Credit cards do not impact the demand for money.
• D)Credit cards are a means of payment.
• E)All of the above are true.

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Definitions:

Margin

The difference between the selling price of a product and its cost of production or buying price, often expressed as a percentage of the selling price.

Marginal Analysis

The examination of the benefits and costs of an additional unit of consumption or production, used to make decisions based on the extent of added benefits over added costs.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often sold as a refreshment during warm weather.

Opportunity Cost

Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.