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:

Incomes

The money received by individuals or groups for work, from investments, or from transfers like pensions or gifts.

Land Resources

Natural resources encompassing the various features and benefits of land, including soil, minerals, flora, and ecological support.

Capital Resources

Assets such as buildings, machinery, and equipment used to produce goods and services.

Money Circulating

The total volume of money within the economy that is actively used for transactions, trading, and other financial activities.