Match Each Statement to the Item Listed Below

question 104

Multiple Choice

Match each statement to the item listed below.
-a non-bank credit card

• A)bank credit card
• B)debit card
• C)Sears card
• D)American Express

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Definitions:

Money Supply

The complete aggregation of monetary assets within an economy at a particular point, including cash, coins, and the funds in checking and savings accounts.

Velocity

The rate at which money circulates within an economy, often measured as the ratio of nominal GDP to the money supply.

Price Level

An index that measures the average relative level of prices of goods and services in an economy over a period of time.

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.