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Best Answer: Credit cards are loans - unsecured loans to be exact. So the short answer is that loans are not considered money, thus it's not included in the money supply. Consider what happens in a credit card transaction. Let's say you buy groceries and pay for it with a credit card.
Federal Reserve Credit Contracts Further . We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true broad US money supply TMS-2 (the details can be seen here: “The Liquidity Drain Becomes Serious” and.
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Pharaoh definition, a title of an ancient Egyptian king. See more.
Pharaoh: Lord of the Two Lands. The most powerful person in ancient Egypt was the pharaoh.The pharaoh was the political and religious leader of the Egyptian people, holding the titles: 'Lord of the Two Lands' and 'High Priest of Every Temple'.
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