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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.
Expert's answer
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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