Monetary aggregates are
A) the various roles of money.
B) the money at the Bank of Canada.
C) high-powered money.
D) different definitions of money.
E) currency in the hands of the public and demand deposits.

Question

Quizplus · Accepted Answer

Monetary aggregates are different definitions of money. Examples of monetary aggregates include M1 (currency in the hands of the public and demand deposits) and M2 (M1 plus savings deposits, small-denomination time deposits, and money market mutual funds). These definitions are used to measure the money supply in an economy.

Monetary Aggregates Are