Question

Credit cards were introduced in 1959. In 2014, the U.S. credit card balance was $880 billion. Which of the following is TRUE?

A. No part of the $880 billion balance is counted in M1 and M2.
B. The $880 billion balance is part of both M1 and M2.
C. Only that portion of the $800 billion actually charged in 2014 is counted in M1 and M2.
D. The $880 billion balance is part of M2 but not part of M1

Answer 1

Answer: I believe the correct answer is A.

Step-by-step explanation:

Answer 2

a

Step-by-step explanation: