Monetary aggregates are

Question

Quizplus · Accepted Answer

Monetary aggregates refer to different definitions of money, such as M1, M2, and M3, each of which includes different forms of money and serves as a measure of the money supply in an economy. Option A is incorrect because it refers to the functions of money, not monetary aggregates. Option B is only a part of one of the monetary aggregates (M1). Option D is incorrect because high-powered money refers to the monetary base, which includes bank reserves and currency in circulation. Option E is incorrect because it refers to money held by the Bank of Canada, not the broader money supply.

Monetary Aggregates Are