Because a lot of modern technology mimics traditional technology, it just got faster and better
The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
<h3>Why is credit cards not considered as money?</h3>
Credit cards and debit cards are not considered to be money, even though they are used to purchase goods and services. It is so because they are not issued by Federal Reserve which has a monopoly over money supply in the U.S.
<h3>Why are credit cards excluded from the equation for money supply?</h3>
When calculating the money supply, the Federal Reserve includes financial assets like currency and deposits. In contrast, credit card debts are liabilities.
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Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts. Their research might focus on topics such as energy costs, inflation, interest rates, farm prices, rents, imports, or employment. ... Preparing reports usually is an important part of the economist's job. All of these factors have to do with business.
The discovery of oil off a nation's coast would be if it wasunexpected, a surprise economic variable and a very beneficial one at that as long as it happened before the present concerns about climate change and the use of fossil fuels plus concerns over oil spills in the ocean after the Gulf of Mexico major oil spill a few years ago.
That I do not know I am soo sorry