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How do changes in the money supply affect the cost credit?
Changes in the money supply directly influence the cost of credit, typically reflected in interest rates. When the money supply increases, there is more liquidity in the economy, which tends to lower interest rates, making borrowing cheaper. Conversely, when the money supply contracts, credit becomes scarcer, leading to higher interest rates and increased borrowing costs. Thus, adjustments in the money supply can significantly impact the availability and affordability of credit.
Are credit cards considered to be money?
Although many people treat them as such, no, credit cards are not considered to be money.
how can i get free money to pay off my credit cards?
how can it get free money to pay off my credit cards
Should credit cards be counted in the money supply?
The question is imprecise. So in order to answer it I must make an assumption. I assume that what it really means is "Should credit card lines of credit be counted in the money supply". The simple answer is no. Money is defined as the commonly accepted medium of exchange. The accepted medium of exchange in the US are cash dollars and checking account dollars. No-one accepts a line of credit as a medium of exchange in transactions. If, however, someone makes a payment using his credit card then actual money is credited to the sellers checking account. The money supply increases after the payment has been made. The bank issuing the credit card essentially makes a loan to the person using the credit card and actual money is credited to the seller's account. But even then, it is not the credit card balance in itself that adds to the money supply, but the money appearing on the seller's checking account. Only in that sense can one make a connection between the existence of credit cards and the money supply. More details on how to define the money supply can be found here: http://nimamahdjour.blogspot.com/2008/03/money-supply-watch.html
Do you pay on debt with credit cards?
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Where can one compare rates on credit cards in the UK?
Credit cards are a necessity for many business people and there are a wide variety to choose from. To compare interest rates for business credit cards check out Money Supermarket, Money Saving Expert, Money or Money Facts.
What is meant by plastic money?
plastic money nothing but we use normally plastic card like credit cards, debit cards, etc.,.It is vernacular for credit cards.
What is the definition of plastic money?
Plastic money refers to credit cards, debit cards, or any other cards that are used to make payments electronically instead of using cash. These cards are made out of plastic material and can be used for various financial transactions.
Why were credit cards invented?
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Why credit cards are money?
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
Are USAA credit cards applicable to everyone?
No, you have to apply for most types of credit cards. The only credit cards that everyone can for sure get are the prepaid kinds from the store, you have to pay for cards and then load the money onto them.
How do you carry money in Oman?
cash, credit cards !
