Examlex
Which of the following are particularly useful for studying the impact of new laws or social programs that affect large numbers of people?
M2
A measure of the money supply that includes all elements of M1 (cash and checking deposits) plus savings deposits, money market mutual funds, and other time deposits.
M1
A segment of the money supply encompassing all tangible currency, such as bills and coins, in addition to demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.
Credit Cards
Credit cards are payment cards issued to users to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts plus other agreed charges.
Checkable Deposits
Bank account balances that can be drawn upon by writing a check or using a debit card, functioning as money for everyday transactions.
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