Are credit cards part of the money supply? Why, or why not?

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Credit cards themselves are not considered part of the money supply because they do not represent money or currency in circulation Instead credit cards are a financial tool that enables individuals to access a line of credit issued by a bank or financial institution Heres why credit cards are not part of the money supply Credit vs Money When you use a credit card ...View the full answer

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Nyron Beeput

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