Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.

Credit card balances are

$$ part of M$1.$

part of M$2.$

part of M$3.$

not part of the money supply.