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Sergio [31]
3 years ago
11

Credit cards are

Business
1 answer:
Ymorist [56]3 years ago
8 0
<span>Credit cards are included in neither the M1 definition of the money supply nor in the M2 definition. Credit cards do not come under these definition because M1 and M2 by definition deals with deposits, saving accounts tiny deposits and assets conversion and cash in the money supply sector. Hence the concept of credit cards is not covered in M1 and M2.</span>
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