Even though credit cards are used by many people in making purchases, they are not included in the M1. A major reason is that credit cards are a way of going into debt, whereas the components of M1 represent assets. True or False

Even though credit cards are used by many people in making purchases, they are not included in the M1. A major reason is that credit cards are a way of going into debt, whereas the components of M1 represent assets. True or False

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter15: Money Creation

Section: Chapter Questions

Problem 19SQ

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