Answer to Question #51254 in Macroeconomics for bob

Question #51254
State True, False or Uncertain. The increased availability of credit cards has resulted in an increase in the money supply.
1
Expert's answer
2015-03-10T10:15:58-0400
First of all it is necessary to note that the money supply is the total amount of monetary assets available in an economy at a specific time. A bank loan increases the money supply. So, the increased availability of credit cards results in an increase in the money supply, because people can get loans.

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