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The textbook tells us that credit cards are not really money. They are simply a tool to get a short-term loan. However, debit cards are:
The textbook tells us that credit cards are not really money. They are simply a tool to get a short-term loan. However, debit cards are: Multiple Choice Are part of the money supply since they are directly tied to checking accounts. O Are not part of the money supply just like credit cards are not. O Debit cards were part of the old M3 statistic. O Debit cards are only part of M2 and not M1
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