The formula used the Bank of Canada in calculating the money supply is ________.
A) $ \mathrm{M}=\mathrm{A}_{1} \mathrm{X}_{1}+\mathrm{A}_{2} \mathrm{X}_{2}+\ldots+\mathrm{A}_{\mathrm{n}} \mathrm{X}_{\mathrm{n}} $

B) $ M=\frac{X_{1}+X_{2}+\ldots+X_{n}}{n} $

C) $ \mathrm{M}=\mathrm{X}_{1}+\mathrm{X}_{2}+\mathrm{X}_{\mathrm{n}} $

D) $ M=\frac{A_{1} X_{1}+A_{2} X_{2}+\ldots+A_{n} X_{n}}{n} $

Question

The formula used the Bank of Canada in calculating the money supply is ________.
A) $ \mathrm{M}=\mathrm{A}_{1} \mathrm{X}_{1}+\mathrm{A}_{2} \mathrm{X}_{2}+\ldots+\mathrm{A}_{\mathrm{n}} \mathrm{X}_{\mathrm{n}} $

B) $ M=\frac{X_{1}+X_{2}+\ldots+X_{n}}{n} $

C) $ \mathrm{M}=\mathrm{X}_{1}+\mathrm{X}_{2}+\mathrm{X}_{\mathrm{n}} $

D) $ M=\frac{A_{1} X_{1}+A_{2} X_{2}+\ldots+A_{n} X_{n}}{n} $

Quizplus · Accepted Answer

The formula used by the Bank of Canada in calculating the money supply is M = X1 + X2 + ... + Xn, where X1 represents the amount of currency in circulation, X2 represents the amount of demand deposits, and so on. This formula simply adds up all the different types of money in the economy to determine the overall money supply.

The Formula Used the Bank of Canada in Calculating the Money