Why does a credit-card transaction to buy an item fail to count as part of the M1

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Why does a credit-card transaction to buy an item fail to count as part of the M1 measure of money?

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Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jun 23, 2017 08:36 AM

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Why does a credit-card transaction to buy an item fail to count as part of the M1

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Hence for the final analysis we can say that A c...View the full answer

Economics Today The Macro View

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