Are outstanding credit card balances counted as part of the money supply?
a. yes; they are used to purchase things, and therefore, they are included in the money supply figures.
b. partly; credit card balances are included in the m1 money supply, but not the m2 money supply.
c. no; money is an asset, while the credit card balances are a liability. thus, they are not included in the money supply figures.
d. partly; credit card balances of $100 or less are included in the m1 money supply, but the money supply figures do not include balances in excess of $100.
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