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1a.Why aren't credit cards considered to be money? 1b.Explain fractional reserve banking: 1c.What is meant by the money supply is mostly on paper, and not

1a.Why aren't credit cards considered to be money?

1b.Explain fractional reserve banking:

1c.What is meant by the money supply is mostly on paper, and not in the form of hard currency?

1d.What is quantitative easing, a term often used in the news?

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