Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply.
b. Credit cards are included in M2 but not M1.
c. Credit cards do not impact the demand for money.
d. Credit cards are a means of payment.
e. All of the above are true.
Question 2
The Sherman Antitrust Act of 1890 was not well understood because
(a) skilled lawyers were not involved in its creation.
(b) judges were mainly political hacks and therefore were unable to follow the logic of the Act.
(c) vested interests had been allowed too much influence in drafting the legislation.
(d) the purpose of the legislation was not sufficiently clear when it was drafted.
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