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:

Thirteenth Amendment

An amendment to the United States Constitution that abolished slavery and involuntary servitude, except as punishment for a crime.

Ratified

The formal approval or confirmation of an agreement, treaty, or constitution, making it officially valid.

Slavery and Involuntary Servitude

The forced labor of individuals without their consent, under threat of punishment or coercion.

Ulysses Grant

An American military leader and the 18th President of the United States, who led the Union Army to victory during the Civil War and worked during his presidency to integrate the reconstructed states into the nation.