What is the general definition of monetary aggregates 1 Pape

What is the general definition of monetary aggregates? 1. Paper money in circulation plus treasury bonds. 2. Coins and paper money in circulation. 3. Paper money in circulation plus some bank deposits. 4. Currency in circulation plus some bank deposits. 5. Currency in circulation plus gold plus some bank deposits. 6. None of the above.

Solution

6. None of the above.

Explanation:  monetary aggregates = M₀ + M₁ + M₂ + M₃