Credit Cards

question 81

Multiple Choice

Credit cards:

• A) are part of the M1 money supply.
• B) are part of the M2 money supply.
• C) are part of both the M1 and M2 money supply.
• D) do not affect the money supply.

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Definitions:

Federal Budget

This refers to the government's estimate of spending and revenue for a specific fiscal year.

President

The elected head of a republican state.

Congress

The legislative branch of the United States federal government, composed of the House of Representatives and the Senate, responsible for making federal laws.

Incumbents

Current holders of a political office or position, often enjoying advantages in elections due to their existing name recognition and record.