One conceptual problem in assigning assets to M₁, M2, etc.is

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The main issue in assigning assets to different monetary aggregates like M₁, M₂, etc. is the difficulty in distinguishing money from "near monies," which are assets that can be quickly converted into cash but are not considered actual currency or demand deposits. This makes it challenging to measure the supply of money accurately and can have implications for monetary policy.

One Conceptual Problem in Assigning Assets to M₁, M2, Etc