If monetary aggregates were ranked from most liquid to least liquid, the order would be:

Question

Quizplus · Accepted Answer

The most liquid monetary aggregates are those that can be easily used to make purchases or payments, and can be readily converted to cash. M1 and M2 both include highly liquid assets such as currency, checking accounts, and savings accounts. Stocks, bonds, private equity investments, and gold are not typically considered monetary aggregates.

If Monetary Aggregates Were Ranked from Most Liquid to Least