Answer to Question #51254 in Macroeconomics for bob
State True, False or Uncertain. The increased availability of credit cards has resulted in an increase in the money supply.
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.
Hi Expert, so I wasn't able to try the new version because they closed of the submission portal. Oh well,
but I want to give you my sincerest thank you for helping me throughout this assignment! Honestly, you are an absolute legend! Your line by line explanation was superb and honestly helped me understand most of the concept I learnt during my semester better than my own lecturer! Thank you for consistently helping and being persistent with the versions!
You've honestly been the greatest help and I would have been so lost if it wasn't without your expertise!
So thank you once again!