Are Funds Available on a Credit Card Included in a Definition

question 193

Multiple Choice

Are funds available on a credit card included in a definition of the money supply?

• A) Yes, because these funds can be used to pay for goods and services.
• B) Yes, because these funds are included in M2.
• C) No, because these funds are hard to measure total credit card spending.
• D) No, because these funds are not a store of value.

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Definitions:

Scatter Diagram

A graphical representation of two variable data points that helps to determine the relationship between them.

Linear Relationship

A type of relation between two variables where the change in one variable is directly proportional to the change in another variable.

Cross-Classification Table

A table that displays the frequency distribution of variables to show how they are distributed across each other.

Nominal Variables

Categories without a natural order or rank, such as gender, race, or religion, used for labeling variables.