1. Credit Cards. Why aren’t traditional credit cards part of the money supply? 2. Inflation and Currency Held Abroad. Suppose inflation in the United States fell to 5 percent a year. How do you think...

1. Credit Cards. Why aren’t traditional credit cards part of the money supply?

2. Inflation and Currency Held Abroad. Suppose inflation in the United States fell to 5 percent a year. How do you think this would affect the demand for U.S. currency held in other countries?