Question 3 The following question is on Measures of Money Ag

Question 3 The following question is on Measures of Money Aggregates. For each of the following assets, indicate which, if any, of the monetary aggregates includes them: Money Aggregate Asset Currency Money market mutual funds Canada Savings Bonds Chequable deposits |

Solution

The above classification is based on Canadian money supply aggregates.

Asset	Money Aggregate
Currency	M1+, M1++, M2, M2+, M2++, M3
Money market mutual funds	M2+
Canada savings bonds	M2++
chequable deposits	M1+ M1++